Company: Amberdata
Company Description: Amberdata delivers comprehensive data and insights into blockchain networks, crypto markets, and decentralized finance, empowering financial institutions with historical and real-time market, blockchain, DeFi, and options data for research, trading, risk, analytics, reporting, and compliance.
Nomination Category: New Product & Service Categories - Business Technology
Nomination Sub Category: Financial & Market Data Solution
 Nomination Title: Amberdata: Your Lens into the CryptoEconomy
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
We have provided written answers, links and attachments.
- If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:
Our API products have been available since 2017 and we released multiple product functionality updates throughout 2022, the most notable being:
1. The release of our DeFi DEX and lending & borrowing data (Aug 2022) and 2. The rebranding of Genesis Volatility’s (who we acquired in October of 2022) comprehensive crypto options and derivatives analytics platform as AD Derivatives.
- If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):
Total 350 words used.
Amberdata is the leading digital asset data provider and provides comprehensive insights into blockchain networks, crypto markets, and decentralized finance. We provide granular historical and real-time on-chain, DeFi, and market data, eliminating the need to source and integrate data from multiple vendors. Our data is granular and unopinionated, so anyone can make their own decisions on digital assets. Our customers range from banks and hedge funds, financial institutions and FinTechs, and trading and tax firms; our use cases span the entirety of front, middle, and back offices.
Amberdata has the most extensive crypto market data offering. With a single API across spot, futures/perps, and options, our clients explore deep pre-trade data such as order books and reference quotes to generate alpha, develop research, and mitigate risk. Our post-trade data has the lowest granularity out of any of our competitors and allows our clients to manage risk, ensure compliance, and backtest nearly a decade of data.
While other crypto data firms focus on mostly market data, Amberdata has comprehensive and granular multi-chain blockchain data sets. Amberdata collects raw blockchain data, for every transaction and wallet, using sophisticated techniques to normalize and put it into time-series so that the data is actionable. This includes pending mempool transactions, which are essential for traders debugging their bots. From strategy development, trading and risk mitigation, to blockchain-messaging applications, our offering is a powerful dataset for any institution.
Our extensive DeFi data allows any institution a powerful view into the global DeFi economy. While other providers only support one or two protocols on a single blockchain, Amberdata provides the largest multi-chain coverage of historical and real-time data for the most active DeFi platforms. With access to every transaction across the growing DeFi landscape, our clients mitigate risk, inform trading strategies, and even power tax and accounting needs.
Our crypto options analytics tools (AD Derivatives) allow traders to understand how the option volatility market is priced and compare that to other segments of the market to find trading opportunities. Our derivative analytics have been featured in the WSJ, Bloomberg, Yahoo News, CoinDesk, Cointelegraph, The Block, and more.
- If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 286 words used.
Amberdata's exceptional performance and satisfaction are shown through recent metrics alone. Although it has been a challenging couple of years in the crypto markets, institutional adoption continued to accelerate and that drove exceptional growth for Amberdata. We released two major new products: the DEX and Lending Protocol DeFi Lenses, and our Amberdata Derivatives analytics and platform.
To round out the year, we had 350% growth in headcount, 500% growth, 9X social followers, and 6X blog views. In May of 2022, right in the dead of crypto winter, we raised our Series B in a round with investments from Nasdaq, Coinbase, and Chicago Trading Company, increasing our valuation to $330M. In October of 2022, Amberdata acquired Genesis Volatility, an options and derivatives analytics and data company.
Finally, here are a few customer testimonials that speak to the unique quality and granularity of our data.
“Amberdata is the best in class for crypto data and pricing information” - Dennis Chou, Director of Trading at Panera Capital
“We believe Amberdata provides the most comprehensive digital asset data solution in the market” Chris Ferraro, Co-President and CIO at Galaxy Digital
“Amberdata has a unique approach and an extensive offering that transforms complex data into easy-to-use information." Itay Tuchman, Global Head of Foreign Exchange at Citi
“Amberdata is the only source of high-quality, comprehensive data providing transparency, price discovery, and the data required for regulated firms to maintain compliance and stay relevant as customers demand access to digital assets.” - CEO of a popular DeFi protocol.
“Amberdata’s deep, granular data is critical to our trading strategies. Their team got us up and running quickly and we were impressed by their flexibility and deep expertise.” - Large Hedge Fund
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 238 words used.
1. Cross River Case Study: Cross River, a large technology and banking infrastructure FinTech, required digital asset data to support its product development process as well as its growing research practice.
2. Hedge Fund Case Study: A large hedge fund required granular crypto market and blockchain data to power its trading strategy and research.
3. AD Derivatives YouTube: Amberdata Derivatives is at the forefront of crypto options research and education. Through this extensive YouTube channel, we interview leaders in the space, provide explanations and tutorials on complex financial topics, and provide demos of our analytic features.
4. AD Derivatives Video: This is an example of a new product we have just introduced: Custom Workspaces. This helps any trader or researcher customize their strategy and keep track of exactly what they need to do.
5. Digital Asset Data Guide: Amberdata is a leader in education materials. This Digital Asset Data guide provides a comprehensive summary of what digital asset data looks like, why it is difficult to manipulate, and the ways it is used.
6. DEX CEX Arbitrage Research: Extensive research and education on DeFi trading and arbitrage opportunities. Amberdata's research arm helps to educate and inform the industry.
7. BTC Options Research Paper: Featured by companies and publications such as Coindesk, Derebit, and Yahoo News, the first-of-its-kind Crypto Options report dissects four years of derivatives and illustrates how Amberdata is a thought and research leader in the space.
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