Coinbase Acquired Blockchain-Intelligence Startup Neutrino
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Feb. 19, 2019
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Blockchain analytics, or blockchain intelligence, is becoming an increasingly relevant segment of the cryptocurrency ecosystem.

With that in mind Coinbase acquired the blockchain-tracking startup Neutrino. The Italian company develops solutions for the monitoring, analyzing and tracking of crypto flows across multiple blockchains, offering a wide insight of the crypto market.

With this move the largest US crypto exchange will now be able to rely on an in-house analytics platform — in order to work with regulators on matters across the sector and to be compliant. And the initiative will also help it identify new assets.

“[It will allow Coinbase to identify] which new tokens are gaining value and [...] traction in the space.” — Shared Varun Srinivasan, Coinbase’s director of engineering and product.

Besides, Neutrino’s European connections may support Coinbase in gaining traction in the region. According to Srinivasan, Neutrino has done a good strengthening job in the European market. However, Coinbase’s main goal may not be exactly that.

“[...] We want to bring them to the American market and the international market and introduce them to companies that are doing all kinds of things with crypto that need blockchain intelligence.”

The financial terms of the arrangement were not disclosed.

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