Cryptocurrency data provider, Coin Metrics, has successfully raised around $6.7 million, as revealed in a recent filing with the Securities and Exchange Commission.
The latest funding round included equity and options alongside other forms of securities. The identities of the investors remain undisclosed.
Coin Metrics specializes in providing data on cryptocurrency markets, networks, and prices. It has previously secured $35 million in a fundraiser headlined by BNY Mellon and Acrew Capital, with additional participation from Goldman Sachs, Brevan Howard Digital, Cboe Global Market, Avon Ventures, and others.
A spokesperson from the company confirmed the presence of a new investor who expressed interest in backing the firm. “These funds will help Coin Metrics continue to enhance its industry-leading crypto financial intelligence services, providing authentic data and analytics about digital assets with the highest standards of clarity and precision so that companies can accelerate value creation and minimize risk,” the representative elaborated.
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