On March 24, Babbitt reported that Coin Metrics, a blockchain asset data provider, announced today that it has completed a $ 6 million Series A round of financing led by Highland Capital Partners, Fidelity Investments, Castle Island Ventures, Coinbase, and the Digital Currency Group ( DCG) and other companies.
It is reported that Coin Metrics will use this financing for the expansion of team and product supply and enhance the coverage of digital assets.
Commenting on the financing, Coin Metrics CEO Tim Rice commented:
"Our ability to extract the economic activities that occur on the blockchain network by running full nodes and performing in-depth analysis is essential for extensive institutional investment in the blockchain field. Recent crypto asset fluctuations Sex, and the insights we can provide our clients underscore the importance of what we do. "
Coin Metrics is an open source blockchain network data and analysis project created by Nic Carter and Aleksei Nokhrin in 2017.In November 2018, Tim Rice joined the company and became the company's co-CEO.
As a commercial entity, Coin Metrics signed corporate contracts with Tier 1 traditional asset management companies, large global investment banks, traditional hedge funds, crypto hedge funds, crypto asset management companies and crypto exchanges in the first year.
As the lead investor in this round of funding, Sean Judge, head of Highland Capital Partners, commented:
"Financial institutions need clean and transparent data to make decisions. Over the past decade, Bitcoin and other crypto assets have the same requirements. Obviously, Coin Metrics is the number one target for network and market data races."
It is reported that in addition to Sean Judge, Bob Davis, general partner of Highland Capital Partners, also joined the board of directors of Coin Metrics.
