Modern times are primarily data-driven (at least in theory).
Every day, businesses collect billions of data points from around the world, from people’s age, gender, race, favorite brands, foods and artists. Still fairly young, Crypto offers more data collection opportunities and new ways to leverage it.
Blockworks founder Jason Jannowitz sat with TheStreet Roundtable at Blockworks’ Digital Action Summit (DAS) in New York to discuss how data can be used to support crypto traders and investors.
Bloomberg is well known for its products like the Bloomberg Terminal. The Bloomberg Terminal is used by hundreds of thousands of individuals and businesses for unparalleled insights into stocks, bonds and other financial systems. For a long time, there has been no comparison tools available to crypto enthusiasts.
Blockworks believes that when institutional players enter the market, “the number of experts, investors and executives in particular will grow exponentially and will need a better source of information.
They are largely established in their beliefs. “It’s the fastest growing region of the business. A few years ago, it didn’t make any revenue. Last year, about 10% came from data. “We don’t have any retail customers. It’s all institutional.”
Outside of the data business, BlockWorks runs its own media website and hosts multiple events throughout the year, including multiple DAS events around the world. In New York, more than 2,500 participants are mainly from financial institutions. “You can say with every suit. You don’t wear a suit at a crypto event,” Janovitz joked.
It also owns the world’s largest Crypto podcast network, with 25 million downloads across 10 different podcasts.