The digital asset and blockchain company, BTCS, today announced that it is expanding its business with the development of a consumer-facing crypto-asset data analytics platform.
The objective is to empower users to connect different crypto-asset exchanges and wallets to total portfolio property into a solitary seamless platform to see and break down execution, risk metrics, as well as potential tax implications. The underlying beta launch of the platform is expected in the second half of the year. BTCS started the development of its crypto-asset data analytics platform in mid-2019.
There are presently in excess of 250 crypto-asset exchanges comprehensively and 27 in the US, most of which lack detailed execution metrics. Further muddling execution following for crypto-asset participants is the way that numerous members hold assets on various exchanges.
BTCS’s crypto-asset analytics platform is being designed and worked to give a solution to this developing issue, permitting users to aggregate data identified with their holdings in close to continuous in a solitary view combined with a strong suite of devices for execution tracking.
In addition to performance measurements and aggregation of crypto-asset holdings data got from read-only API calls to associated exchanges or attached to blockchain wallet addresses, BTCS’s platform solution is being built with a community focus that will permit users to impart their exchange history with other platform users.
Community members will have the option to decide to give their performance and trade information to different users for nothing or share on a user-selected membership charge premise. Longer-term plans incorporate BTCS taking a rate, yet-to-be-resolved, of this expense.
Charles Allen, the CEO of BTCS, said –
“We believe the market has matured to a point that warrants and supports a more sophisticated method of tracking holdings and performance, and our platform is being designed to serve this unmet need. Our team has more than six-years of industry experience. We believe we have the necessary expertise and resources to complete development of the platform with minimal additional financial commitments while we continue to execute on other core business objectives.”
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