The market intelligence unit has been launched by one of the leading blockchain analytics providers, Elliptic. The company also announced a new proposition on crypto analytics for trading. Co-founders James Smith and Laura Coffey lead the new unit which will use the dataset as a valuable data layer for the nascent institutional crypto trading sector.
These datasets will help in giving insight on chain-identity metrics in the industry, which will allow the traders to forecast the money movement to analyze the metrics for a wide range of crypto-assets. They will also help in analyzing the major market movements and sectoral growth with the proper analysis of graphs.
The datasets that have been developed by Elliptic consist of more than 20 billion data points and 140 datasets that cover almost 98% of global trade volume and 2/3rd of the crypto transactions are done through products of Elliptic.
Commenting on the new proposition, James Smith, co-founder of Elliptic, said: “Elliptic was built with a clear vision in mind: to help businesses capitalize on the opportunities presented by the growth of the crypto market. We pioneered the use of blockchain analytics, and the unique dataset we have developed provides a rich source of intelligence to fuel winning crypto trading strategies, for both crypto-native businesses and traditional players who are moving into crypto trading.”