Crypto-analytical startup Chainalysis has raised $ 30 million The startup Chainalysis, which analyzes cryptocurrency transactions, closed round B of fundraising at around $ 30 million, writes CoinDesk. The company intends to use the funds received to open a new office in London.

Crypto-analytical startup Chainalysis raised $ 30 million

Cryptocurrency transaction analysis startup Chainalysis closes round B of fundraising at $ 30 million, writes CoinDesk. The company intends to use the funds received to open a new office in London.

The investment round was led by venture capital firm Accel. It was also attended by Benchmark, which led round A in April last year, when Chainalysis raised $ 16 million..

Chainalysis CEO Michael Gronager believes that the funding his company has received indicates that investors continue to show interest in new opportunities in the emerging cryptocurrency ecosystem. “The investment and timing shows that despite price fluctuations, some very large venture capital firms are convinced that the industry has a long-term perspective,” he said..

IN present time Chainalysis employs 75 people in offices in New York, Washington DC and Copenhagen. In addition to opening a branch in London, the company plans to start collaborating with local universities in research projects..

According to Gronager, medium and large banks are showing increasing interest in working with cryptocurrency companies, including exchanges. IN 2015 year Chainalysis has entered into an agreement with the British bank Barclays. "There are larger banks outside the UK that want to improve their relationship with crypto exchanges following the process that Barclays has done with Coinbase.".

The Know Your Transaction (KYT) analytic solution, launched by Chainalysis last year to work with Bitcoin, Ethereum and Litecoin, now also supports stablecoins, which Gronager says cause fewer problems than ICO tokens but still need in tracking.

“This tool is expected to improve the regulation of stablecoins so that they can be used not only to transfer transactions between exchanges, but also to move funds around the world,” he added..

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