Chainalysis Launches Kryptos to Help Financial Institutions Uncover Cryptocurrency Oppor…

NEW YORK, Nov. 12, 2019 /PRNewswire/ — Chainalysis, the blockchain analysis company, today announced the launch of Chainalysis Kryptos, new software designed to help financial institutions better understand the risks associated with existing cryptocurrency activity and opportunities for investment. Built on the reference data standard already trusted by government agencies across the world and more than 115 leading cryptocurrency businesses, Kryptos enables financial professionals to connect the dots between traditional financial transactions and cryptocurrency markets.

In September, Chainalysis polled 350 finance professionals and found that nearly half believe Bitcoin will be the investment class with the highest growth rate over the next 12 months, ahead of equities, fixed income, and the house pricing index. Despite their belief in Bitcoin’s growth potential, many also expressed concerns about the ability to control illicit activity facilitated by cryptocurrency…