A new cloud-based platform called altFins is launching a cryptocurrency analysis app that allows active investors and cryptocurrency traders to review, analyze, and trade cryptocurrencies across a variety of exchanges.
According to chain analyst Glassnode, daily demand for Bitcoin is higher today than it has been at any time since 2017. Traditional venture capital investors who focus on the blockchain such as Valar Ventures, Andreessen Horowitz, Union Square Ventures, Lightspeed Venture Partners and Morgan. Creek, ConsenSys, Polychain Capital, and Galaxy Digital have invested millions of dollars in upgrading cryptocurrency infrastructure over the past 12 months.
Bitcoin: The number of active addresses
Grayscale Investments, an institutional cryptocurrency, saw 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 found that 97% of traditional trading companies that choose not to trade cryptocurrencies will reconsider the idea by 2022.
AltFINS also closed more than $ 1 million in initial financing in July of that year. They stated that they will use the funds to develop pre-trade and post-trade analysis for cryptocurrency investors. Richard Vitico, CEO and Founder of altFINS stated:
“Cryptocurrency traders can now easily find trading ideas, review more than 1,000 coins and 4,000 pairs to find major trends and chart patterns, and monitor their portfolios and performance across many exchanges.”
As Cointelegraph previously mentioned, the maturity of the crypto derivatives market is playing an important role in attracting more institutional investors.