$15M investment round for Coin Metrics led by Goldman Sachs

$15M investment round for Coin Metrics led by Goldman Sachs

A total of $15 million has been raised in a funding by Blockchain analytics firm Coin Metrics and which was led by financial giant, Goldman Sachs.

In order to accelerate the company’s global expansion as well as reach more places in the crypto market, $ 15 million has been contributed to the analytics firm and some of the firms that contributed are: Goldman Sachs, Castle Island Ventures, Highland Capital Partners, Fidelity Investments, Avon Ventures, Communitas Capital, Collab+Currency and others, according to announcement by Coin Metrics.

The  funding is a huge validation for Coin Metrics as provider of crypto data institutions, according to Nic Carter, co-founder of Coin metrics.

“Data is critical for the mainstream adoption of crypto assets by traditional investors and financial services players,” said Goldman Sachs Global Head of Digital Assets Mathew McDermott, who will also be joining Coin Metrics’ board of directors.

Goldman Sachs is continuing to seemingly warm to more companies and financials innovations of the crypto space this year. Last week, the firm identified 19 stocks from crypto and blockchain firms that had outperformed the S&P500 in the year to date. The financial giant is also reportedly preparing to make Bitcoin (BTC) and other cryptocurrencies available to its clients in the second quarter of 2021

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