AltDex

San Francisco-based Coinbase announced Tuesday that it has acquired Neutrino, a blockchain intelligence platform, for an undisclosed amount.


According to the announcement, Neutrino’s data analytics technology will help Coinbase analyze public blockchains and help prevent theft, investigate ransomware attacks and identify bad actors.

“Neutrino’s technology is the best we’ve encountered in this space, and it will play an important role in legitimizing crypto, making it safer and more accessible for people all over the world,” said Coinbase’s engineering director Varun Srinivasan.

Additionally, the application of Neutrino’s tech will help Coinbase better asses new digital assets for listing on its various trading platforms.

Related: Coinbase Ventures Invests in Nomics’ $3 Million Series A
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Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.