Crypto analytics tool provider CryptoQuant Raises $3M in Hashed-led investment round

CryptoQuant, a provider of crypto market analytics and on-chain tools, raised $3 million in an investment round led by Hashed, a leading blockchain-focused VC firm. Mirae Asset Capital, Galaxy Interactive, and Youbi Capital were among the other investors, Invezz learned from a press release.

CryptoQuant places focus on preventing harmful practices

The company is well known for their high visibility, user friendly analytics services, valuable market insights, and having contributed to the bust of a Korean crypto-funded child porn organization. The company places its main focus on preventing damaging practices that would compromise the crypto market.

CEO Ki Young Ju said of his company’s mission:

When it comes to blockchain project with high potential, Hashed has a tradition of early participation in funding rounds. The specialized, blockchain-focused firm is active as an incubator and VC fund with offices in San Francisco and Seoul.

Hashed CEO Simon Kim commented on the partnership with CryptoQuant:

The funds were raised against the backdrop of analytics and data becoming critical for mainstream crypto adoption, especially for professional investors. On-chain data provides important insights on cash flow on blockchain networks. By analyzing transactions, the data feed summarizes on-chain operations to let users see what’s happening on the blockchain networks, thereby generating price movements.

Key insight via data and data API, news, alerts, pro charts

CryptoQuant provides key insight to users by making essential on-chain and market data available by running nodes and using institutional-grade data API. It offers coverage of tens of major exchanges. Top analysts provide crowd-sourced content, including intuitive charts, bull/bear trends, and educational guides.