Coinbase acquired blockchain intelligence platform

Blockchain intelligence is increasingly important in the crypto ecosystem

Coinbase acquired blockchain intelligence platform. Source: shutterstock.com

According to its official website, Coinbase has acquired Neutrino, a blockchain intelligence platform.

Blockchain intelligence is increasingly important in the crypto ecosystem, and is necessary to achieve our mission of bringing the open financial system to the world. By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks, and identify bad actors. It will also help us bring more cryptocurrencies and features to more people while helping ensure compliance with local laws and regulations
Coinbase

Coinbase believes Neutrino’s technology will play an important role in legitimizing crypto, making it safer and more accessible for people all over the world.

Neutrino will continue to operate as a standalone business based out of Coinbase’s London office.

SEE ALSO: Blockchain will improve security of sensitive medical information

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