Coin Metrics raises $ 6 million from Coinbase, DCG and Highland Capital
The supplier of Cryptocurrency data for institutional Coin metrics just got $ 6 million additionally.
Founded in the U.S. in 2017 and already supported by Fidelity, Coin metrics helps banks, hedge funds and other crypto funds do the right thing Investment decisions thanks to analysis solutions for Cryptocurrency.
In a recent funding round of Highland Capital Partnershas triggered the start $ 6 millionthat will be added to that $ 1.8 million that they collected earlier in March 2019.
We also count the participation of Special funds, Avon Ventures, Raptor Group, Coinbase Ventures, Castle Island Ventures and Digital currency groupto name just the most popular.
Our ability to distill operational and economic activities in a blockchain network by running full nodes and performing in-depth analysis is important for a broader institutional investment in this area. ” said Tim Rice, CEO of Coin Metrics.
The young shoot, based in Cambridge, Massachusetts, will use the funds Strengthen your team and expand its range.
The Financial institutions need clean and transparent data to make decisions. The same requirements exist for Bitcoin and the other crypto assets that have emerged in the past decade. It is clear that Coin metrics is the number one goal for market data, ”added Sean Judge, Director at Highland Capital Partners.
Last year Coin metrics bought the crypto index provider Bletchley indexes to accelerate its development.