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What’s In Your Wallet: Cryptocurrency Coin Correlations

At CoinTracker, we are building a portfolio & tax manager for cryptocurrency. CoinTracker syncs crypto transactions and balances from the top exchanges & wallets to deliver a unified dashboard of your cryptocurrency portfolio performance.

CoinTracker also helps users calculate their cryptocurrency taxes in the United States, Australia, Canada, and the United Kingdom. Since launching, we have grown to help thousands of users file their cryptocurrency taxes, with over 50,000 connected exchange accounts on CoinTracker, tracking over $300,000,000 of crypto-assets.

Individual user data is completely private on CoinTracker (privacy policy, security policy). We have however been able to aggregate anonymized data from our platform to deduce some interesting patterns across cryptocurrency users. For example, we were wondering what is the probability that a user holds coin X if that user also holds coin Y? Essentially, what is the correlation between coins in a given user’s portfolio.

We pulled the anonymized dataset, worked with the world-renowned firm Stamen to visualize it, and now we would like to share it with the community.