Cryptocurrency analytics agency Coin Metrics has closed a Sequence A funding spherical value $6 million.In a weblog submit on March 26, Coin Metri
Cryptocurrency analytics agency Coin Metrics has closed a Sequence A funding spherical value $6 million.
In a weblog submit on March 26, Coin Metrics stated the spherical was led by Highland Capital Companions and the $6 million funding can be used to develop the agency’s group, develop their product choices and “present enhanced protection of digital belongings.”
Different corporations together with Fortress Island Ventures, Communitas Capital, Coinbase Ventures and Digital Forex Group additionally participated within the funding spherical.
Coin Metrics was created in 2017 by Nic Carter and Aleksei Nokhrin as an open supply blockchain community knowledge and analytics challenge. It has since develop into a preferred trade useful resource for understanding the operational and financial exercise occurring on public blockchains.
Monetary establishments want good knowledge
Highland Capital Companions is a worldwide enterprise capital agency that has additionally invested in different crypto companies. Sean Decide, Principal at Highland Capital Companions, stated:
“Monetary establishments require clear and clear knowledge to make choices. These similar necessities exist for Bitcoin and different cryptoassets which have emerged during the last decade. It’s develop into clear that Coin Metrics is the premier vacation spot for community and market knowledge.”
Coin Metrics is well-known for its common State of the Community reviews. The newest version on March 23 highlighted how the switch worth of stablecoins had reached an all-time excessive of $444 million following the latest Bitcoin crash.