Blockchain Intelligence Startup, TokenAnalyst, Shuts Down; Some Employees Move to Coinbase

2020-5-7 22:26

Token Analyst, a startup focused on blockchain market intelligence, has announced that it's ceasing operations after two years in operation.

A medium post by the firm on May 5 notes that it will no longer be supporting its products which include APIs and the TokenAnalyst platform.

According to the blog, the team is proud to have contributed to the growth of crypto and blockchain in areas like transparency:

“Our mission was to bring transparency to the decentralized world, and we believe we made significant progress towards this mission.”

The team, however, added that it will remain committed to developing the open financial system for worldwide adoption. Notably, some of the employees in TokenAnalyst will be joining Coinbase to advance this course:

“While we will not be actively working on TokenAnalyst anymore, we are very excited to announce that some of our team is joining Coinbase.”

The blog concluded by thanking TokenAnalyst's stakeholders for their support, noting that they have been a big factor in the company’s success:

“It was truly invigorating to tweet/whatsapp/telegram/email/signal 24/7 with crypto enthusiasts from all over the world. It was your incredible support, encouragement, and passion that kept us going and motivated.”

TokenAnalyst founders, Sid Shekhar and Jai Prasad, who are speculated to be among those moving to Coinbase also shared their twitter handles @jai_prasad17 or @sidshekhar24 for further communication.

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