IntoTheBlock, the innovative market intelligence platform for cryptocurrency assets, has today announced a strategic partnership with a high-growth cryptocurrency platform, Currency.com. The partnership will enable Currency.com’s traders to access market-leading intelligence to help inform their cryptocurrency trading and investment decisions.
With this partnership, Currency.com traders will have access to IntoTheBlock’s dynamic, in-depth trading signals and data visualization tools, which will be applicable to any tokenized asset covered by the Currency.com cryptocurrency platform. The signals include a host of indicators comprising tools and information traders need to better understand and identify the behavior of crypto-assets and to help them get ahead of changing trends to ultimately make smart trading decisions.
Currency.com’s cryptocurrency platform is designed to enable investors to securely buy, trade, and invest in popular cryptocurrencies using both cryptocurrency and fiat currencies. In the first half of 2021, the total number of trades executed on the cryptocurrency platform increased by 968% from H2 2020, and the number of new clients opening an account increased by 130% over the same period, making it one of Europe’s fastest-growing cryptocurrency exchanges.
Jesús Rodriguez, IntoTheBlock Chief Executive Officer & Chief Technology Officer, said, “At IntoTheBlock, we are very excited and honored about this partnership with crypto exchange Currency.com. Its geographic reach will enable us to share our analytics with millions of crypto users around the globe. We look forward to hearing about your experience with Currency.com and IntoTheBlock.”
Vitaliy Kedyk, Head of Strategy at Currency.com, said: “I am delighted to announce our partnership with IntoTheBlock which will enable us to offer our clients greater market intelligence and analysis of the crypto market. This partnership affirms Currency.com’s commitment to connecting more people with the burgeoning world of cryptocurrencies through education, analysis, and cutting-edge technology. ”
Currency.com traders will be able to locate the new analytics panel under a new tab with the IntoTheBlock logo. This panel shows different metrics that are the result of IntoTheBlock’s application of statistical and machine-learning models to its rich dataset of on-chain and off-chain metrics.
The top of the panel, called Token Summary, provides the following indicators:
- Holders making money at current price: measures the proportion of current holders who would realize a profit vs. those who would realize a loss if they sold at current price.
- Concentration by large holders: shows the proportion of the asset’s circulating supply concentrated in addresses that each holds more than 0.1% of the total supply.
- Price correlation with Bitcoin: displays the 30-day correlation of the asset’s daily returns to bitcoin’s daily returns.
- Holders’ composition by time held: classifies addresses according to their weighted average holding period.
- Transactions greater than $100k: shows the daily number of transactions, each with a value of $100,000 or greater.
- Transaction demographics: shows the number of transactions that have occurred during Western trading times vs. those that have occurred during Eastern trading times over the last 14 days.
The bottom section of the panel, called Signals, contains momentum signals based on IntoTheBlock’s underlying indicators, including onchain, exchange, and derivative exchange signals.
For those users interested in more indicators, clicking on “Dive Deeper” at the bottom of the panel redirects them to the IntoTheBlock Platform with access to a portfolio of over 60 intelligent signals about traditional crypto assets and over 50 signals related to DeFi.