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BCH $513.21 (0.26%)
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CryptoQuant Gets $3M in Investments, Elevates Data Analytics

CrytoQuant Gets $3M in Investments, Elevates Data Analytics
  • CryptoQuant has just completed a successful funding round.
  • The funds racked up to $3 million with leading investor — Hashed.
  • The platform is gaining more and more users in a short time.

CryptoQuant — the Seoul-based, provider of on-chain and market analytics tools for crypto markets is thrilled to announce the successful completion of its investment round. Specifically, the round got $3 million USD.

Furthermore, the leading investor is the top VC focusing on blockchain — Hashed. Besides Hashed, other prominent investors include Galaxy Interactive, Mirae Asset Capital, and Youbi Capital. The company is led by visionary CEO Ki Young Ju. The man is known for his impressive insight and predictions within the crypto industry.

It is with this vigor that CrypoQuant offers intuitive and high visibility analytics services. Moreover, the firm aims to provide a service that helps investors of all experience levels to gain insight and avoid harmful practices. In particular, it believes that money laundering especially will jeopardize the crypto industry’s future.

On the matter of CryptoQuant’s mission, Ki Young Ju says,

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

Meanwhile, the Hashed co-founder and CEO — Simon Kim, praises the CryptoQuant team for building a world-class on-chain data analysis platform. Kim highlights the fact that Influencers, analysts, and leaders in the market are using CryptoQuant’s data for their content and opinions.

CryptoQuant provides a wide array of services. To emphasize, on-chain data is a meaningful metric that gives insights into money flow on blockchain networks. The data feed summarizes on-chain activities via analyzing transactions. This enables users to see what happens on the networks, which ultimately results in price movements.

In detail, CryptoQuant provides key insight services to traders, each providing critical data that enables fast and confident decision-making. The first is Data which provides vital market/on-chain data produced by CryptoQuant by running nodes and using exchange APIs. It covers over 33 major exchanges, all miners, banks, and other entities.

The second is News/Education, this includes crowd-sourced content provided by top analysts. Users can access educational guides, bullish/bearish opinions, and intuitive charts. The third is Alerts. Users can get real-time updates for on-chain and market data which allows for fast reactions to market volatility.

Next is Pro Charts. Users can use leading analytics tools for trading crypto. This enables them to manage risk in real-time. Finally, Data API, this institutional-grade crypto data API is for hedge funds and professional investors.

All in all, CryptoQuant strives to be the easiest option for learning how to invest better with data for ordinary retail investors. It has the largest monthly visitors among other data providers with around 1.24 million monthly visits, according to SimilarWeb.

In fact, these visitors come from over 200 countries. At the moment, the data from CryptoQuant has been used in about 9,700 news articles from multiple media. Additionally, CryptoQuant has 132,000 Twitter followers and its CEO has 233,800 Twitter followers.

The website recently saw a mighty gain in terms of monthly active users (MAU). To be specific, it grew by 10 times in just four months to 254,000. Suffice to say, with the rising traction on the website, its social media pages, and its righteous leader, the platform will soon be making a deeper impact within this rapidly growing industry.    

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An eager wordsmith who conveys her thoughts and fascinations through words and storytelling. Besides lurking on new and emerging technology forums, she’s always updated when it comes to blockchain.