Chainalysis reported a 65% increase in customers

Analytics firm Chainalysis has reported a huge increase in customers in 2020. This year alone, it is serving 65% more customers [...] https://www.pinterest.com/pin/1085437947660215829/

Analytics firm Chainalysis has seen a huge increase in its 2020 customer base. This year alone, it is serving 65% more customers than the previous year. This growth has been fueled by increased demand from public sector agencies as more governments take an interest in the digital currency space . In an October update, Chainalysis revealed that it reported a 100% increase in its recurring revenue in Q3 2020. The analytics firm attributes this growth to increased demand from governments that want to have more and more insight into digital transactions. Chainalysis plans to expand its operations Chainalysis is expanding its team to meet increased demand. The company has hired Rakib Azik as its new vice president of finance and Betsy Bevilacqua as vice president of information security. Azik joins the company after many years at consumer products and software companies. He recently played a key role in the successful IPO for MongoDB. Bevilacqua also joins Chainalysis with considerable professional experience. She previously held executive positions at Fortune 500 companies, including Facebook and eBay, where she held cybersecurity roles. "Chainlaysis building trust and bringing legitimacy to the future of finance" Chainalysis has also made new hires in its legal, market development and technical solutions departments. Chainlaysis founder and CEO Michael Gronager described the company as an integral player in the mainstream implementation of digital currencies: "Chainlaysis is building trust and bringing legitimacy to the future of finance. Once law enforcement and regulators become comfortable with digital assets, exchanges can thrive and financial institutions can enter the ecosystem to safely and responsibly use this growing asset class." Chainalysis continues to work with both governments and private entities to combat illegal cryptocurrency activity. As we reported in mid-September, the United States Internal Revenue Services (IRS) offered a reward of up to $625,000 to anyone who can help crack the privacy of Monero (XMR) or enable Lightning Network transaction tracking. The tender to create such a tool was just won by Chainalysis Tags blockchain analytics Blockchain Chainalysis growth