Chainalysis has a new website to watch cryptocurrency markets
The popular analysis company continues to enhance its offerings for crypto enthusiasts
The blockchain analytics company, Chainalysis, is introducing a new product to the crypto community that is open to public and free to use. Market Intel aims to have more information and data about the market available to the public. For now, the company has released its beta version of this tool, where users can get daily crypto market insights.
The tool provides users with things like metrics on supply, trading, risk, generation and event real-time insights about the crypto market, which is accomplished by aggregating on-chain data on a daily basis. Therefore, Market Intel is focused on those financial regulators and asset managers who are keen to monitor cryptocurrency markets’ health. According to Chief Economist at Chainalysis Philip Gradwell, there isn’t a place for regulatory investors to get information, which makes them hesitant to enter the crypto market. Gradwell added that, if the site can manage to provide better and more useful information, the investors from other industries are more likely to step into the market.
According to Gradwell, this is the reason the company has “done a lot of work to try to get away from the more technical blockchain metrics and try to put things in more real-world terms.” For now, and while it is in beta, there will be no fees. “We think the product market fit will take some time, but we think it’s one worth playing for. If cryptocurrency does mature into a significant financial asset then it sort of almost follows that there’s’ going to be a decent data and intel industry,” added Gradwell.