The modern age is (at least in theory) largely data-driven.
Every day, corporations collect billions of data points worldwide from people’s age, sex, race, to their favorite brands, foods, and artists. Crypto, still fairly young, provides even more opportunities for data collection and offers new ways to leverage it.
Blockworks founder, Jason Yanowitz sat down with TheStreet Roundtable during Blockworks’ Digital Action Summit (DAS) in New York to discuss how data can be used to help crypto traders and investors.
Bloomberg is well known for products like the Bloomberg Terminal, which is used by hundreds of thousands of individuals and businesses for unparalleled insight into stocks, bonds, and other financial systems. For a long time, there hasn’t been a comparative tool available to crypto enthusiasts.
Blockworks believed that once institutional players entered the market, “the number of people — especially professionals, investors, and executives—would grow exponentially, and they’d need a better source of information, something that looks and feels more like Bloomberg or the Wall Street Journal, less like ‘CryptoPanda’ on Twitter,” Yanowitz explained.
They have been largely vindicated in that belief, “It’s the fastest-growing area of the business. A couple of years ago, it made up none of the revenue. Last year, about 10% came from data, and this year, about a third of all our revenue will come from the research and data side,” he added. “We have no retail customers—it’s all institutional.”
Outside of their data business, Blockworks operates their own media website and puts on multiple events throughout the year, including multiple DAS events around the world. In New York, over 2,500 attendees from mostly, financial institutions. “You can tell by all the suits; you never wear a suit at a crypto event, “Yanowitz joked.
They also own the largest crypto podcast network in the world, with 25 million downloads across their 10 different podcasts.
