Blockchain intelligence and analytics firm Chainalysis has unveiled a new data portal that aims to provide important information related to cryptocurrencies and digital assets.
In a release reciente Chainalysis expressed its intention to contribute to the work that regulators and digital asset managers are doing to understand the growing market for cryptocurrencies, , so the intelligence and analysis firm blockchain announced the launch of Market Intel, a new portal that will provide data and information related to the crypto ecosystem.
Regarding the launch of the new web portal, Chainalysis co-founder and Chief Strategy Officer, Jonathan levin, stated that Chainalysis was founded with the intention that governments, organizations and financial entities could have a reliable company that would allow them access to real data on cryptocurrencies, so that these organizations and governments could feel comfortable with the new assets and safely study their possible adoption.
“Market Intel is the next step in realizing this vision. By providing metrics and context for cryptocurrency activity, we are empowering asset managers and regulators to leverage the transparency of blockchains so they can make data-driven decisions about why and how to invest in cryptocurrencies, and ensure markets operate safely and efficiently.”
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Market Intel, a portal designed for administrators and regulators
Digital platform Market Intel It is a new website whose objective is to provide data, information and important metrics related to cryptocurrencies, such as transactional movements of Bitcoin and other assets in all regions or countries of the world. This data and information will be useful to support and contribute to the study and research work that regulators and administrators have been carrying out for several years around digital assets.
Market Intel provides real-time metrics on the use of cryptocurrencies around the world. For example, in the “Highlights of the day"You can see tables and graphs that show the current flow of Bitcoin in the exchanges from crypto to fiat, or the current flow of Bitcoin in East Asia; all of these through up-to-the-minute metrics. The portal also displays other data such as the current price of Bitcoin, as well as the number of registered entries to cryptocurrency exchange sites and the amount of trades that have been successfully made through these exchanges.
Similarly, Market Intel not only displays data related to the cryptocurrency market, but also indicates metrics on the current supply, the destination of assets newly generated by trading activity, mining is. and funds that come from illicit activities. In the case of Bitcoin, as of the date of this publication the platform shows that only the 0,2% of total bitcoins come from illegal activities.
Cryptocurrencies analyzed in Chainalysis Market Intel
In addition to Bitcoin (BTC), the new Chainalysis portal shows data and metrics related to other of the most important and used cryptocurrencies worldwide, such as Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Tether (USDT), the latter being a stablecoin backed 1:1 by the US dollar.
The portal is available free of charge and provides a weekly report to all those who subscribe to the platform via email. In this way, Market Intel users will be able to stay informed of the main events related to the crypto ecosystem, as well as the movements of cryptocurrencies in the markets in the short, medium and long term.
In short, it is a portal designed so that asset managers and regulators can access real-time information that shows the use of cryptocurrencies, as well as the rise and growth of exchanges and markets for these assets. All data shown on the Market Intel portal is the property of Chainalysis, the product of research work that the intelligence firm has developed since 2014.
The importance of knowing data and metrics about cryptocurrencies
A survey conducted by Fidelity Digital Assets Europe reveals that one of the main obstacles to the mass adoption of cryptocurrencies is precisely the lack of data and information related to the health and growth of these digital assets in the markets. Therefore, the new Chainalysis platform provides daily on-chain metrics on cryptocurrency trading, demand, supply, generation and risk, while highlighting the most important daily changes that occur within the markets.
Finally, Chainalysis' Head of Economics, Philip Gradwell, highlighted that cryptocurrencies are poised to become mainstream assets, which is why regulators and administrators need tools like Market Intel to access the data and information needed about what is really happening in cryptocurrency markets. Access to this data will allow investors and financial institutions to make informed decisions to invest meaningfully in digital assets.
“With Market Intel, we are leveraging our unique dataset to provide an accurate and comprehensive overview of real-world cryptocurrency usage, rather than providing partial and noisy data or focusing on technical blockchain metrics.”
About Chainalysis
Chainalysis is a leading blockchain analytics company, providing data and analysis to government agencies, exchanges, and financial institutions in 40 countries. It has powerful intelligence tools for cryptocurrency and blockchain research and analysis, and is backed by world-renowned venture capital firms such as Accel y Benchmark, which is why Chainalysis generates a high level of confidence in blockchain analysis.
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