Chainalysis boosts client list, completes Bitfinex compliance rollout

Regulatory crackdowns and law enforcement agencies are generally bad news for the cryptocurrency industry. 

But for crypto forensics firm Chainalysis, increased government scrutiny has been a boon for its business—and has helped it propel a 100 percent increase in its customer count within just the last few months.

The New York-based startup, which specializes in software that helps track criminal activity on blockchain networks, now has close to 200 customers, up from 100 this past April, according to a Chainalysis spokesperson.

“Increased regulatory scrutiny across jurisdictions led to significant commercial momentum over the last few months and deepened. Many of our existing customer relationships are recognizing the importance of having proper compliance procedures in place,” Jason Bonds, chief revenue officer at Chainalysis, told Decrypt. News of the jump in customers comes