It's a fair question! It may sound ridiculous, but we are 100% motivated by improving UX in the crypto space, and not interested in building a business around aggregating and selling/trading on private crypto market data. This is core to our mission and built into our policies (https://www.cointracker.io/security) and commitments that we will never sell user data.
In fact both Jon and I have backgrounds working on consumer-facing products at Google, and the huge pain point around UX in the cryptocurrency space is largely what drew us away from Google and into CoinTracker.
If we were interesting in monetizing user trade data, we would either build a cryptocurrency hedge fund or partner with those types of investing institutions. We explicitly haven't done that and are committed to not doing so.
Instead we have taken the route of building user-friendly consumer tools (starting with tax), with the hope that making the space slightly more accessible will help push the whole space forward.
How do you plan on monetizing? Even if you're not looking for a profit, how do you plan to offset development and infrastructure costs?
I've setup an account already, and this looks absolutely useful and helpful, but I'm somewhat wary of anything that's free if I don't know how you're planning on keeping the lights on?
In fact both Jon and I have backgrounds working on consumer-facing products at Google, and the huge pain point around UX in the cryptocurrency space is largely what drew us away from Google and into CoinTracker.
If we were interesting in monetizing user trade data, we would either build a cryptocurrency hedge fund or partner with those types of investing institutions. We explicitly haven't done that and are committed to not doing so.
Instead we have taken the route of building user-friendly consumer tools (starting with tax), with the hope that making the space slightly more accessible will help push the whole space forward.