“Digital asset investment was considered dangerous speculation compared to other assets such as stocks, gold, or properties. This bias has formed as there was no reliable information in this industry, and investors were purchasing digital assets without a data-based analysis.”
CryptoQuant has become the official provider of on-chain data for CME Group’s Datamine, an on-demand platform that allows traditional financial institutions to access detailed historical data.
Now, traditional financial institutions and hedge funds can get digital asset data from CryptoQuant via the CME Group Datamine service.
CryptoQuant, which provides on-chain data for Bitcoin, such as exchange flows, miner flows, long-term holders, and others, is used by big names in media (Forbes, Bloomberg, and CNBC) and has also contributed to Valkyrie’s Bitcoin Futures ETF approval in the US by developing an overview of the Bitcoin market, contributing.
Redefining the way of digital asset investment
Ki Young Ju, Chief Executive Officer at CryptoQuant, commented: “Digital asset investment was considered dangerous speculation compared to other assets such as stocks, gold, or properties. This bias has formed as there was no reliable information in this industry, and investors were purchasing digital assets without a data-based analysis. CryptoQuant’s main goal is to enable investors to redefine the way of digital asset investment, and to provide fundamental for digital asset valuation based on the data.”
In 2019, CryptoQuant developed a patented wallet verification technology that served anti-money-laundering services, ultimately leading to a collaboration with the Korean National Police Agency in tracking and arresting the infamous criminals behind the Nth Room scandal.
Since then, CryptoQuant has grown exponentially, serving retail traders in over 200 countries and over 200 institutional clients.
The importance of reliable on-chain data, delivered through tools familiar to financial institutions has grown in porportion of their entry into digital assets.
The partnership with CME Group will help make CryptoQuant become a staple of the traditional financial industry. The firm is actively recruiting new hires.
CryptoQuant provides key data insights with intuitive and customizable charts, a community-driven feed of education and news, real-time alerts for time-critical events, pro charts for top investors and traders, and data API sources for trading institutions.
Its digestible information, based on on-chain, derivative market, and sentiment, is both actionable and timely. With the largest monthly visitors among other data providers and paid users spending over four hours weekly to gain the insights needed for success, the firm is ready to enter a new growth phase as the official provider of on-chain data on CME Group’s Datamine.
