Cryptoquant generates $3 million in Hashed-led investing round

  • Cryptoquant raises $3 million in a funding round led by VC firm Hashed.
  • The cash injection came as traders and professional investors demand for high-quality on-chain data and analysis. 

On-chain and market analysis tools for crypto markets provider Cryptoquant has secured $3 million in a recently completed funding round. Several investors participated in the round of investment with blockchain-founded venture capital (VC) firm Hashed as the lead investor. Other investors who engaged in the financing round are VC firms Youbi Capital and Galaxy Interactive. Specialized credit financial business Mirae Asset Capital also joined the list of participating investors in Cryptoquant’s funding. 

Hashed is known to financially support blockchain projects with high potential making their involvement critical. The firm focuses on supporting a decentralized future through its numerous investments. Hashed had formerly invested in public blockchain projects Klaytn and Line’s LINK. The firm’s CEO Simon Kim commented on the decision to finance Cryptoquant. Kim stated:

The CryptoQuant team has already built a world-class on-chain data analysis platform. Influencers, analysts, and leaders in the market have used CryptoQuant’s data for their content and opinions. These are distributed to various communities such as Twitter and Telegram, creating massive organic marketing effects for CryptoQuant.

Cryptoquant raises $3 million in funding round 

The funding came as there is increased demand for quality digital assets data due to the rise in crypto adoption. Data and analytics have been an essential need for most institutional investors and mega businesses. Through on-chain data, crypto fans can see what happens on the network and know about price movement. 

Traders leverage Cryptoquant services such as its data, news and educative information, and alerts. Data provided by the on-chain data and analytic firm covers 33 major exchanges, all miners, banks, as well as other entities. Additionally, Cryptoquant gives real-time alerts useful for traders. Furthermore, the firm’s pro charts help traders to manage risks in real-time, and its data API is useful for hedge funds and professional investors. 

Speaking on Cryptoquant’s mission, CEO Ki Young Ju noted:

Most crypto investors have anxiety when they invest in cryptocurrencies because they are struggling with making data-driven decisions due to a lack of time and knowledge. Without data, crypto investing would be gambling. That’s where CryptoQuant comes in. We started as a data provider, and now we’re on the mission to make the crypto market work for all people by giving them digestible data and community-driven insights.

Cryptoquant’s visitors spread across over 200 countries

Over the years, the analytic firm has expanded to become the largest data provider with the most monthly visitors. The platform records visitors from more than 200 countries globally. In addition, CryptoQuant’s paid visitors spend more than four hours weekly on the platform.  

Generally, Cryptoquant helps to reduce the challenges of data-driven investing as it saves research time. Also, it provides essential information that can help investors. Cryptoquant has comprehensive information on on-chain, derivative markets, and more. 

About Author

Bio: Ibukun Ogundare is a crypto writer and researcher who uses non-complex words to educate her audience. Ibukun is excited about writing and always looks forward to bringing more information to the world.

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