CryptoQuant, a leading provider of comprehensive data for crypto trading, has recently announced the successful completion of a $6.5 million Series A funding round. The investment was led by Atinum Investment, marking a significant milestone for the company as it aims to revolutionize the digital asset industry and facilitate data-driven investment decisions.
The news of this funding round has created a buzz in the cryptocurrency community, as CryptoQuant positions itself to set new standards and lower the barriers faced by investors when making data-driven choices in the dynamic and ever-evolving crypto market. With a focus on providing reliable and insightful information, CryptoQuant aims to empower traders and enable them to make informed decisions based on accurate and comprehensive data analysis.
We’re excited to announce that CryptoQuant has raised a $6.5M Series A round led by Atinum Investment🎉
We’ll do our best to set the standard in the digital asset industry and lower the hurdles of data-driven investment decisions.
Thank you for your support🙏 pic.twitter.com/woJ7oEFkV3
— CryptoQuant.com (@cryptoquant_com) July 6, 2023
At the core of CryptoQuant’s offerings lies a wide range of data sets catering to various aspects of crypto trading. The platform provides market data, on-chain data, and short/long-term indicators for popular cryptocurrencies such as Bitcoin, Ethereum, Stablecoins, and ERC20 tokens. Of particular importance is the inclusion of on-chain data, which offers a meaningful metric by summarizing on-chain activities recorded on blockchain networks.
By utilizing on-chain data, traders gain valuable insights into the underlying factors that drive price movements in the crypto market. For instance, network data allows for the valuation of blockchain networks themselves, while flow data sheds light on the money flow patterns of significant players within those networks. This detailed and granular understanding of on-chain activities empowers traders to make well-informed decisions and develop robust trading strategies.
Moreover, CryptoQuant aims to provide a complete historical on-chain data archive, allowing users to delve into the markets’ past and build a comprehensive understanding of previous trends and patterns. This extensive historical data enables traders to conduct thorough analysis and make strategic decisions based on a broader perspective of market dynamics.
The successful completion of the Series A funding round signifies the growing recognition and support for CryptoQuant’s mission within the crypto industry. The involvement of Atinum Investment, a prominent investment firm, further solidifies CryptoQuant’s position as a key player in the space. The raised funds will undoubtedly contribute to the expansion of CryptoQuant’s offerings, including the enhancement of its data analytics capabilities and the further development of cutting-edge tools and features.
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