Mastercard Acquires Crypto Analytics Firm CipherTrace

Original Article by: Stephen Graves

CipherTrace, a cryptocurrency tracking firm, has been acquired by Mastercard with a view to helping businesses "identify and understand their risks."

Mastercard is no stranger to Crypto, saying early on in 2021 that they’d “start supporting select cryptocurrencies directly on our network”, and now their diving deeper into the space with the acquisition of analytics firm “Cipher Trace”. Mastercard states that the integration of the analytics firm will allow them too "identify and understand their risks" and "help manage their digital asset regulatory and compliance obligations,”. The continued introduction of big institutional players within the market, shows great signs for the future of Crypto