Bitquery specializes in blockchain data problems solutions that offers Coinpath and digital assets.
Recently, Bitquery finished a funding round in which it received an investment of $8.5 million. Along with Susquehanna, dao5, INCE Capital, DHVC, and angel investors from Google, Binance Labs led the investment round. Bitquery will use the money it has raised to develop its BIT Protocol, increase its data coverage, and support new use cases.
The funding round was a part of Binance Labs' ongoing initiative, in which the company's investment arm strives to support blockchain data solution providers using a cutting-edge strategy.
He Yi, a co-founder of Binance and the head of Binance Labs, expressed enthusiasm on behalf of the team. He added that Binance Labs would keep looking for and assisting data solution providers that were cutting edge and who made it simple for business players to get correct on-chain data.
He Yi also voiced faith in Bitquery, saying it will have a good effect on the long-term development of the Web3 sector.
Providing cutting-edge on-chain data analytics tools and APIs, Bitquery is a crucial player, according to Danny F., Investment Director at Binance Labs. Danny added that the Bitquery crew is incredibly dedicated to what they do.
Bitquery has also outlined its future strategy. The company wants to keep improving its BIT protocol by adding connectors that will allow customers to absorb blockchain data through their preferred user interface.
Easy data accessibility is a problem that Bitquery hopes to answer with its protocol.
With its products that transmit real-time data from more than 40 blockchains and several Web3 protocols, Bitquery aims to tackle many more blockchain data problems. Bitquery's two main product categories are:
Data Analytic Tools APIs
According to Dean Karakitsos, Chief Executive Officer of Bitquery, numerous enterprises rely on the infrastructure data of Bitquery. Dean reaffirms that the company's goal is to make blockchain data easily accessible to everyone.
The investing division of Binance, known as Binance Labs, has supported more than 200 initiatives across 25+ different countries. Nearly 50 goal projects have received support from Binance Labs, including but not limited to Perpetual Protocol, Polygon, and Dune Analytics.
Binance, a worldwide cryptocurrency trading platform established in 2017, is a significant supporter of Binance Labs. There are more than 100 digital currencies on the platform, and according to a Binance review, users have the option of expanding their trading pair portfolio by choosing from among the more than 100 pairings offered on the platform.
Both seasoned traders and newcomers to the world of cryptocurrency trading will find Binance trading to be fairly simple.
All regions are legal for Binance eWallets to operate in. Users are able to securely store their values using the mobile application. In Binance eWallets, real money can also be withdrawn and deposited.
With the provision of two distinct trading accounts, Basic and Advanced, Binance's mobile trading functionality distinguishes out in the market.
Find out more here: https://bitquery.io/
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