Cryptocurrency

Chainalysis Launches Market Intel – A Free Cryptocurrency Market Data Aggregator

The analytical company Chainalysis has unveiled Market Intel, a free aggregator of cryptocurrency market data for financial regulators and asset managers.

On Market Intel presented the daily metrics for kriptovalyutnoy trade data on supply and demand, as well as the risk factors associated with kriptoaktivami. The site contains data on the circulation of cryptoassets between different subjects and regions. Today, the portal tracks BTC, USDT, BCH and LTC. In the future, the list of supported cryptocurrencies will be supplemented.

According to Philip Gradwell, senior economist at Chainalysis, the site is intended for regulators and asset managers monitoring the cryptocurrency market. Regular users will also be able to use the service. We are talking about traders who are not interested in the analytical products of Chainalysis, but want to get more information about cryptocurrencies.

Gredwell explained that Chainalysis used “repeating daily patterns” to calculate the movement of cryptoassets between regions. In addition, the firm has been developing an algorithm for more than a year that allows it to generate data on the volume of cryptocurrencies converted into fiat money, the exchange of one cryptocurrency for another, as well as the inflow and outflow of assets to cryptocurrency exchanges. 

On the platform, such data will be provided without going into the technical details of the blockchain, so that the metrics are understandable even for beginners. Moreover, the service will allow you to determine what percentage of illegally obtained cryptocurrencies is in circulation, in storage, or posted on legitimate sites. The beta version of the site will be free, and there are no plans to charge any fees for the information provided.

“It will take some time for the product to start meeting the needs of the market. If cryptocurrencies become significant financial assets on a par with traditional assets, our analytical product will be in even greater demand, ”said economist Chainalysis.

As a reminder, KuCoin last month implemented Chainalysis KYT and Reactor tools to track suspicious transactions, and in the spring , the Paxful P2P platform began using these tools to improve transaction security.

About author

Experienced Founder with a demonstrated history of working in the newspapers industry. Skilled in Data Research, Management, Investment Research, Teamwork, and Leadership. Influencing the technology, people, and technical analysis of the Cryptocurrency and Blockchain world.
Related posts
CryptocurrencyExchanges

PayPal Customers Are Now Allowed To Use Cryptocurrency To Make Payments To Merchants Worldwide

BitcoinCryptocurrencyEthereum

Bitcoin Recovers $56,000: ETH Recovers $1,700 (Observed Over The Weekend)

Cryptocurrency

Vladimir Putin: "we need to stop illegal transactions with digital assets"

CryptocurrencyExchanges

Coinbase exchange valued at $ 943 million in preparation for direct listing on Nasdaq

Sign up for our newsletter and stay informed

0 0 vote
Page Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
USD
0
Would love your thoughts, please comment.x
()
x