Billionaire-Backed CoinScan Secures $6.3M in Funding, Aims to Revolutionize Crypto Analytics

By: Eliza Bennet

Crypto analytics platform CoinScan has secured $6.3 million in a funding round. Among the backers is Shalom MecKenzie, the largest private shareholder in sports betting company DraftKings.

CoinScan offers a unique approach to analytics - providing free crypto charts and security features which aim to provide traders with a critical market edge. The platform further plans to roll out a series of protective features to combat scams, including a safety check, holder analysis, airdrop analysis, and social sentiment.

In an effort to address issues of price inconsistency and potential bias that affect some platforms, CoinScan is set to offer in-depth charting insights and transparent data from diverse market channels. The company also plans to introduce a pending transactions feature, which will allow traders to preview a token's price trajectory before confirming their transactions.

CEO Eliran Ouzan has emphasised CoinScan's mission to create the crypto data solution that traders need, focusing on the streamlining of research processes and protection against scams. MecKenzie, in his remarks, compared crypto to sports betting and noted that users deserve tools that provide risk and reward data.