CoinMetrics, a startup specializing in analytical data for bitcoin investors and traders, has closed a round of seed investments, having collected $ 1.9 million, according to CoinDesk.
Financial support based in Cambridge, Massachusetts, was provided by Fidelity Investments, Highland Capital Partners and Dragonfly Capital.
At the same time, CoinMetrics presented the first set of commercial products for institutes interested in obtaining customized research reports.
As co-founder and chairman of the board Nick Carter insists, institutional investors are not satisfied with the services available today that do not distinguish between different data sets.
One thing we’re looking at is building out whitelists of exchanges so that the market reference rates are actually based on credible exchanges, as opposed to exchanges that engage in wash trading and other types of nonsense.
CoinMetrics was launched in 2017 as an open source hobby project, and all this time its founders, Nick Carter and software engineer Alex Nokhrin, have been working on its development. Today, a startup has over 12,500 followers on Twitter and offers several free tools.