NEW YORK, July 27, 2020 /PRNewswire/ — Chainalysis, the blockchain evaluation firm, at present introduced the launch of Market Intel, its new web site designed for asset managers and regulators to entry stay information and insights on cryptocurrency use, and the well being and progress of cryptocurrency markets. Market Intel is powered by Chainalysis’s proprietary information, which the corporate has been systematically accumulating and linking to actual world entities since 2014.
“Chainalysis was founded on the belief that financial institutions and governments need a trusted data platform to become comfortable with cryptocurrency and ultimately enable its mainstream adoption,” stated Jonathan Levin, Co-Founder and Chief Strategy Officer, Chainalysis. “Market Intel is the next step in realizing this vision. By providing metrics and context for cryptocurrency activity, we’re empowering asset managers and regulators to leverage the transparency of blockchains to make data-driven decisions about why and how to invest in cryptocurrencies and ensure the markets function safely and efficiently.”
Financial crime and compliance professionals already depend on Chainalysis on-chain information – which supplies perception into transactions registered on the blockchain, in distinction to self-reported order e-book information – to detect and examine illicit transactions. Market Intel harnesses the identical trusted dataset to offer perception into financial exercise. While roughly $10 billion of cryptocurrency was transferred on-chain for illicit functions in 2019, about that very same quantity is transferred on-chain each week for funding and buying and selling.
“Cryptocurrency is poised to become a mainstream asset class, but asset managers and regulators need data and insight into what’s actually happening in the markets to meaningfully invest and effectively oversee the space,” stated Philip Gradwell, Chief Economist, Chainalysis. “With Market Intel, we’re leveraging our unique dataset to give an accurate and complete description of the real world use of cryptocurrencies, rather than providing partial, noisy data or focusing on technical blockchain metrics.”
“There is a clear gap when it comes to robust institutional grade data analysis and market insights,” stated Chris Tyrer, Head of Fidelity Digital Assets Europe. “In a recent survey of institutional traders, Fidelity Digital Assets discovered that the third-ranked impediment to funding, after worth volatility and market manipulation considerations, is a scarcity of knowledge to offer perception into the well being and progress of digital property and networks.”
Chainalysis Market Intel supplies every day on-chain metrics on the buying and selling, demand, provide, technology, and threat of cryptocurrencies, and highlights a very powerful every day adjustments. Insights embody how a lot cryptocurrency is flowing to and from exchanges, how and the place on the earth cryptocurrency is transferring, how lengthy provide is held, the proportion of latest property going to exchanges, the proportion of transaction quantity associated to illicit exercise, and extra.
Market Intel is now out there in Beta without charge with metrics and insights throughout Bitcoin, Ethereum, Tether (on Bitcoin and Ethereum), Bitcoin Cash, and Litecoin, with enhancements and additions deliberate over time.
To accompany the web site, Chainalysis is launching the Market Intel Report, a weekly electronic mail abstract of the on-chain occasions and traits in cryptocurrency, specializing in their short-term implications for cryptocurrency markets and the long-term evolution of cryptocurrencies as an asset class, which you’ll be able to join on the Market Intel website.
Chainalysis is the blockchain evaluation firm offering information and evaluation to authorities companies, exchanges, and monetary establishments throughout 40 international locations. Our investigation and compliance instruments, schooling, and assist create transparency throughout blockchains so our prospects can interact confidently with cryptocurrency. Backed by Accel, Benchmark, and different main names in enterprise capital, Chainalysis builds belief in blockchains. For extra data, go to www.chainalysis.com
SOURCE Chainalysis, Inc.