Chainalysis, the blockchain data platform, today announced the opening of its new office in Canberra, Australia. This new office will allow the company to strengthen its presence in the Pacific region, supporting the local cryptocurrency market, public sector agencies, and financial institutions. The increased demand for Chainalysis’s products is further evidence of mainstream adoption of cryptocurrency as an asset class.
According to its 2021 Geography of Cryptocurrency Report, Chainalysis found Central & Southern Asia and Oceania (CSAO) to be the fourth largest cryptocurrency market, accounting for 14% of all cryptocurrency value transacted between July 2020 and June 2021. CSAO’s transaction activity grew by 706% compared to last year in terms of raw value. With Australia ranking 38th in terms of global cryptocurrency adoption, Chainalysis’s new Canberra office will enable continued, compliant validation of cryptocurrency.
Last year, Chainalysis announced its partnerships with leading Australian cryptocurrency businesses, including payments providers and cryptocurrency exchanges. Since then, the company has more than doubled the number of cryptocurrency customers.
“From working with Chainalysis, we have the confidence that our business is compliant with local regulations, enabling us to continue to build and maintain client trust,” said Caroline Bowler, CEO of BTC Markets. “With the official opening of the Canberra presence, I’m excited to see how we can work even closer together with the Chainalysis team to allow Australia to fully embrace cryptocurrency and reap the benefits.”
“It’s an exciting time for ANZ when it comes to blockchain technology,” said Alex McCorkindale, Head of Compliance for Easy Crypto. “The transparency provided by Chainalysis means that as an industry we can begin to truly build a trusted and compliant foundation for cryptocurrency, giving the reassurance and confidence to our customers that they need.”
“The Pacific region is quickly becoming a center for cryptocurrency innovation,” said Todd Lenfield, Country Manager for ANZ at Chainalysis. “Our increased investment in the region will ensure businesses and governments can explore digital asset ecosystems in a safe, compliant manner.”
“Chainalysis’s data platform will strengthen the trust necessary to further legitimize cryptocurrency as an everyday asset for retail and institutional investors alike,” said Ulisse Dellorto, Managing Director APAC at Chainalysis. “We’re working tirelessly to facilitate compliance and investigation efforts among businesses and law enforcement. Our entire team is excited to see the positive impact of our work.”
In June, Chainalysis announced its Series E funding round, raising $100 million and bringing its valuation to over $4 billion. Chainalysis will use the funding to build out its vision as the blockchain data platform.