Chainalysis, a leading blockchain analytics firm, is launching its first Australian office in Canberra, coinciding with the announcement that it has collaborated with the Commonwealth Bank to enable crypto trading to 6.5 million app users.
Chainalysis, a blockchain data analysis platform launched by Jonathan Levin and Michael Gronager in 2014, was valued at US$4.2 billion in its Series E fundraising round in June. Southern Asia and Oceania, according to the company’s 2021 Geography of Cryptocurrency research, are the world’s fourth-largest cryptocurrency markets, accounting for $572.5 billion, or 14% of all cryptocurrency value transacted between July 2020 and June 2021.
Transaction activity in Oceania and Central and Southern Asia surged by 706 percent during the same period, according to the research.
“The Pacific region is quickly becoming a centre for cryptocurrency innovation,” said Chainalysis Australia and New Zealand manager Todd Lenfield. “Our increased investment in the region will ensure businesses and governments can explore digital asset ecosystems in a safe, compliant manner.”
Ulisse Dellorto, the company’s managing director for Asia-Pacific, added:
“Chainalysis’s data platform will strengthen the trust necessary to further legitimize cryptocurrency as an everyday asset for retail and institutional investors alike.”
The news follows Chainalysis’ announcement in August of last year of cooperation with renowned Australian cryptocurrency companies CoinSpot and CoinJar.