Cryptocurrency evaluation firm Coin Metrics has closed a Sequence A. financing round valued at $ 6 million.
In a blog post on March 26, Coin Metrics stated the spherical was led by Highland Capital Companions and that the $ 6 million funding could be used to develop the corporate's group, increase their product providing and higher protection of present digital property & # 39 ;.
Different firms, together with Citadel 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 information and evaluation mission. It has since change into a well-liked instrument for understanding the operational and financial actions that happen on public blockchains.
Monetary establishments want good information
Highland Capital Companions is a worldwide enterprise capital agency that has executed simply that invested in different crypto firms. Sean Decide, Principal at Highland Capital Companions, stated:
“Monetary establishments want clear and clear information to make selections. These similar necessities exist for Bitcoin and different cryptoassets which have emerged over the previous decade. It has change into clear that Coin Metrics is the first vacation spot for community and market information. "
Coin Metrics is thought for its common State of the Community stories. The latest version of March 23 highlighted the switch worth of stablecoins reached a record high of $ 444 million after the current Bitcoin crash.