[Digital Today Reporter Hwang Chi-gyu] Digital asset exchange CORDAX signed an alliance with Into The Block, a US cryptocurrency statistical data analysis company. Cryptocurrency) will be presented with a’Coin Big Data’ service that provides data on the current market trend and price rise/fall prediction.
According to Coredax, Intothe Block has more than 120 partner customers disclosed, including several exchanges such as Binance and Bitstamp, as well as CoinMarketCap and cryptocurrency information providers.
Core Dax plans to provide market flow and investment indicators for each coin in the form of a dashboard through the’Coin Big Data’ service. The indicators provided by the coin big data include the correlation between the altcoin and bitcoin price, the coin holder status by time, the amount of inflow/outflow to the entire exchange, data on the profit/loss status of the altcoin at the current price, and the region. According to the transaction demographics and so on.
Based on the transaction data on the blockchain, exchange transaction data, and derivatives transaction data such as futures, the coin market situation is classified into strong, neutral, and weak, and a visual dashboard is provided to provide an indicator that investors can efficiently utilize. The company said.
Coredax plans to provide indicators for six virtual assets, including Bitcoin, Ethereum, Litecoin, Ethereum Classic, Bitcoin Cash, and Bitcoin SV first, and plans to increase the types of virtual assets in the future. Coredax is preparing to issue information protection and personal information protection management system (ISMS-P) and real name confirmation deposit and withdrawal accounts in preparation for the enforcement decree of the Act on Reporting and Use of Specific Financial Information (Special Act).
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.