Goldman Sachs invests $15 million in crypto data company Coin metrics


According
to www.prnewswire.com,
on May 5, the cryptocurrency data and analytic supplier Coin
Metrics proclaimed the firm has raised $15 million in a Series B financing
circular. The funding was led by Goldman Sachs and several other venture firms,
as digital currency data has gotten on a hot commodity in recent times.
Highlights-
DigitalCurrency Data and Analytics Firm Coin Metrics Hike $15 Million.
The
Boston-based Coin Metrics has discovered the company has elevated $15 million
in a Series B financing round that was led by the American international
investment bank and financial services company, Goldman Sachs.
The
company Coin Metrics supply analytical market data, indexes, and system risk
solutions for an infinite number of digital currencies like bitcoin (BTC) and
ethereum (ETH).
In add-on
to Goldman Sachs, the financing circular was also bolstered by Castle Island
Ventures, Collab+Currency, Avon Ventures, Highland Capital Partners, Communitas
Capital, and Fidelity Investments.
Coin
Metrics inside information that the company has “institutionalized their
network and market data message over the past 18 months.”
Some of
the big names in the world of finance and the cryptocurrency industry purchase
Coin Metrics’ products, the proclamation notes.
Goldman
Sachs has led a $15 million Series B funding circular for crypto financial
intelligence player Coin Metrics.
Highland
Capital Partners, Castle Island Ventures, Avon Ventures, Fidelity Investments,
Communitas Capital, Collab+Currency, Morningside Group, BlockFi and Warburg
Serres Investments united the round.
Coin
Metrics supplying network data, market data, indexes and network venture
technology to institutions touching crypto assets.
Coin Metrics give market data, network data, indexes and network risk statements to the most prestigious institutions affecting This financing will deepen the company's global expansion, modify further product innovation, and permit existing offerings to touch even more crypto asset networks and markets.
Mathew
McDermott, global head, digital assets, Goldman Sachs, who controls the Coin
Metrics board, states that Data is capacious for the mainstream acceptance of
crypto assets by traditional investors and financial services participants. Our
clients will largely benefit from Coin Metrics' institutional-grade data vision
and rising risk management tools.

Shivangi Mujumdar
CBW - External Analyst
INDIA