A new cloud based platform called altFins launches a cryptocurrency analysis app that allows more active cryptocurrency investors and traders to filter, analyze and trade altcoins on various exchanges.
According to the chain analysis company Glassnode, the demand for Bitcoin is currently higher than it has ever been since 2017. Traditional and blockchain-focused venture capital investors such as Valar Ventures, Andreessen Horowitz, Union Square Ventures, Lightspeed Venture Partner, Morgan Creek, ConsenSys, Polychain Capital and Galaxy Digital You have invested millions of dollars in updating the crypto infrastructure over the past 12 months.
Grayscale investments, the largest institutional investor in cryptocurrencies recorded the largest quarterly inflow of $ 906 million in the second quarter of 2020 compared to the first quarter of this year.
The most recent joint survey by Acuiti and CME Group suggested that 97% of traditional trading companies that have chosen not to trade cryptocurrencies will resort to this idea by 2022.
altFINS also raised more than $ 1 million in seed capital in July of this year. They said they will use the funds to develop pre- and post-trade analytics for cryptocurrency investors. Richard Fetyko, CEO and Founder of altFINS stated:
“Cryptocurrency traders can now easily find ideas to trade, search over 1,000 coins and 4,000 pairs to find top chart trends and patterns, and monitor their portfolios and performance across multiple exchanges.”
As Cointelegraph previously reportedThe maturity of the cryptocurrency derivatives market plays a major role in attracting more and more institutional investors to the crypto space.