SEOUL, SOUTH KOREA / ACCESSWIRE / August 5, 2021 /Cryptoquant, a provider of on-chain and market analytics tools for crypto markets, has completed a successful round of investment, raising $3 Million USD. Leading the investors was Hashed, a top VC firm focusing on blockchain. Other investors included Galaxy Interactive, Mirae Asset Capital, and Youbi Capital.
Crytpoquant has made headlines the last few years with their intuitive and high visibility analytics services, much-followed insight and predictions from CEO Ki Young Ju, and even their role in taking down a Korean crypto-funded child porn ring. The company has focused its efforts on services that help investors of all experience levels to gain insight, and works to prevent harmful practices such as anti-laundering that would threaten the crypto industry's future.
Ki Young Ju said of Cryptoquant's mission: "Most crypto investors have anxiety when they invest in cryptocurrencies because they are struggling with making data-driven decisions due to a lack of time and knowledge. Without data, crypto investing would be gambling. That's where CryptoQuant comes in. We started as a data provider, and now we're on the mission to make the crypto markets work for all people by giving them digestible data and community-driven insights."
This is not the first time Hashed has been a notably early investor in funding rounds for promising blockchain projects. The specialized investment firm operates as a blockchain-focused VC fund and incubator with offices in Seoul and San Francisco.
Simon Kim, co-founder and CEO at Hashed, said of their decision to partner with Cryptoquant: "The CryptoQuant team has already built a world-class on-chain data analysis platform. Influencers, analysts, and leaders in the market have used CryptoQuant's data for their content and opinions. These are distributed to various communities such as Twitter and Telegram, creating massive organic marketing effects for CryptoQuant"
The fresh capital injection comes as data and analytics have become essential for the mainstream adoption of crypto assets, particularly for professional investors and deep-pocket businesses. The demand for high-quality digital assets data is still gaining steam in recent times as institutions and retail investors' interest in crypto investment grows.
On-chain data is a meaningful metric that gives insights on money flow on blockchain networks. The data feed summarizes on-chain activities via analyzing transactions to enable users to see what happens on the networks, which ultimately results in price movements.
Cryptoquant provides key insight services to traders, each providing critical data that enables fast and confident decision making: by
- Data-Vital market/on-chain data produced by Cryptoquant by running nodes and using exchange APIs. Coverage of over 33 major exchanges, all miners, banks, and other entities.
- News/Education-Crowd-sourced content provided by top analysts, including educational guides, bullish/bearish opinions, and intuitive charts.
- Alerts-Real time updates for on-chain and market data, allowing fast reactions to market volatility.
- Pro Charts-Leading analytics tools for crypto traders, allowing them to manage risk in real time.
- Data API-Institutional-grade crypto data API for hedge funds and professional investors.
Cryptoquant lowers the hurdles of data-driven investing by saving research time and decreasing the knowledge gap. The firm provides key data insights with intuitive and customizable charts, a community-driven feed of education and news, real time alerts for time-critical events, pro charts for top investors and traders, and data API sources for trading institutions. Instead of numbers curation, Cryptoquant offers digestible information that is both actionable and timely. It provides the most comprehensive data based on on-chain, derivative market, and sentiment-and narrates it in community-based insights. CryptoQuant has the largest monthly visitors among other data providers, with visitors from over 200 countries and paid users spending over four hours weekly to gain the insights needed for success.
Hashed is an investment firm that focuses on blockchain. The firm's focus is contributing to a decentralized future through investment, community building, and support. Hashed works to enable their portfolio companies to penetrate the global market seamlessly, and bootstrap their communities as well as the company-building process. As an early investor to Kakao's Klaytn and Line's LINK, Hashed has invested early in many successful blockchain projects of Asia tech giants. The firm also runs ‘Hashed Lounge' as a co-working and offline meet-up space for early blockchain projects.
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