Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Seeking Alpha has announced a major acquisition of CressCap Investment Research, a move that will change the type of information investors can find on the news platform.
What Happened
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
On Wednesday, Seeking Alpha announced it has acquired CressCap, a quantitative analytics and data platform. The terms of the deal were not initially disclosed.
Why It’s Important
Seeking Alpha’s deal with CressCap appears to be part of a strategy to open up the world of advanced quantitative analysis for the average retail investor.
Most Wall Street investment banks provide access to in-depth financial analysis to institutional clients only, leaving retail investors a step behind. CressCap is the latest step in Seeking Alpha's strategy of crowdsourcing financial market analysis and bringing a new level of transparency to Wall Street, the company said in the M&A announcement.
Wall Street Vet Reveals $9 Options Secret
Tired of tiny stock gains? This 40-year insider is spilling the beans on how to turn small investments into 600% returns. Get his proven options strategy in a FREE webinar.—Register now – seats are limited!
CressCap founder and CEO Stephen Cress will be Seeking Alpha's new head of quant strategies. Seeking Alpha subscribers will now have access to the type of analysis that would have previously been both extremely difficult to find and cost-prohibitive for retail investors, Cress said in a statement.
The merger of Seeking Alpha and CressCap is part of a larger M&A trend in the data industry, he said.
“Brokerage firms, banks and investment research companies are learning that a major advantage of big data and statistical analysis is that the outcome of quantitative research is easy to measure, and the results can be displayed clearly through user-friendly graphics or ranking tables."
What’s Next
Traders will be looking to see how SeekingAlpha’s offerings will change once the CressCap products and data are integrated. In addition, investors will be on the lookout for additional quantitative data buyout targets.
Related Links:
Using Artificial Intelligence For Predictive Investment Analysis
How Quants Will Use Macroeconomic Indicators To Sidestep The Next Recession
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.