CryptoQuant, a supplier of crypto market analytics and on-chain instruments, raised $3 million in an funding spherical led by Hashed, a number one blockchain-focused VC agency. Mirae Asset Capital, Galaxy Interactive, and Youbi Capital had been among the many different traders, Invezz discovered from a press launch.
CryptoQuant locations give attention to stopping dangerous practices
The corporate is well-known for his or her excessive visibility, consumer pleasant analytics providers, beneficial market insights, and having contributed to the bust of a Korean crypto-funded youngster porn group. The corporate locations its major give attention to stopping damaging practices that will compromise the crypto market.
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CEO Ki Younger Ju stated of his firm’s mission:
“Most crypto traders have nervousness once they put money into cryptocurrencies as a result of they’re scuffling with making data-driven choices attributable to a scarcity of time and information. With out information, crypto investing could be playing. That’s the place CryptoQuant is available in. We began as a knowledge supplier, and now we’re on the mission to make the crypto markets work for all folks by giving them digestible information and community-driven insights.”
On the subject of blockchain mission with excessive potential, Hashed has a practice of early participation in funding rounds. The specialised, blockchain-focused agency is lively as an incubator and VC fund with workplaces in San Francisco and Seoul.
Hashed CEO Simon Kim commented on the partnership with CryptoQuant:
“The CryptoQuant crew has already constructed a world-class on-chain information evaluation platform. Influencers, analysts, and leaders available in the market have used CryptoQuant’s information for his or her content material and opinions. These are distributed to varied communities akin to Twitter and Telegram, creating large natural advertising results for CryptoQuant”.
The funds had been raised in opposition to the backdrop of analytics and information turning into crucial for mainstream crypto adoption, particularly for skilled traders. On-chain information offers necessary insights on money circulate on blockchain networks. By analyzing transactions, the info feed summarizes on-chain operations to let customers see what’s occurring on the blockchain networks, thereby producing value actions.
Key perception by way of information and information API, information, alerts, professional charts
CryptoQuant offers key perception to customers by making important on-chain and market information out there by operating nodes and utilizing institutional-grade information API. It presents protection of tens of main exchanges. Prime analysts present crowd-sourced content material, together with intuitive charts, bull/bear traits, and academic guides.
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