Chainalysis’ products are targeted at spotting connections between entities on the blockchain. The company are currently focused on the Bitcoin market where the vast majority of the value is being transacted. They help Bitcoin businesses detect fraud and prevent money laundering, they also help banks put in place adequate controls to bank Bitcoin businesses. The […]
Chainalysis’ products are targeted at spotting connections between entities on the blockchain. The company are currently focused on the Bitcoin market where the vast majority of the value is being transacted. They help Bitcoin businesses detect fraud and prevent money laundering, they also help banks put in place adequate controls to bank Bitcoin businesses.
The company’s API notifies customers in real time if they are receiving money from other regulated financial institutions or if they are receiving it from illegal activities. Chainalysis’ visualization tool allows compliance officers to do manual investigations to detect suspicious activity.
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Chainalysis Details
Operating Status:Active
Business TypePrivate
HeadquartersNew York, Washington D.C., United States and Copenhagen, Denmark
Founded Date Oct 1st, 2014
Organization CEO Michael Gronager, PhD
FoundersMichael Gronager, PhD, Jan Moller, Jonathan Levin
Bitcoin reaches an all-time high in three years in a 167% year-to-date increase that has been attributed to illiquid BTC and proposed regulatory changes among others. All this happened despite low publicity.
Chainalysis valuation and growth are not common in the crypto space as the $1 billion valuation is quite rare and particular for a blockchain data analytics service firm.
The head of Binance U.S. Catherine Coley, and eToro Chief Executive Officer Yoni Assia and other blockchain personalities saw their names on the Fortune’s list of 40 under 40.
