diff --git a/.coveragerc b/.coveragerc
index 83f11983806..6d2997a8274 100644
--- a/.coveragerc
+++ b/.coveragerc
@@ -583,6 +583,7 @@ omit =
     homeassistant/components/sensor/skybeacon.py
     homeassistant/components/sensor/sma.py
     homeassistant/components/sensor/snmp.py
+    homeassistant/components/sensor/sochain.py
     homeassistant/components/sensor/sonarr.py
     homeassistant/components/sensor/speedtest.py
     homeassistant/components/sensor/steam_online.py
diff --git a/homeassistant/components/sensor/sochain.py b/homeassistant/components/sensor/sochain.py
new file mode 100644
index 00000000000..572d0f52921
--- /dev/null
+++ b/homeassistant/components/sensor/sochain.py
@@ -0,0 +1,87 @@
+"""
+Support for watching multiple cryptocurrencies.
+
+For more details about this platform, please refer to the documentation at
+https://home-assistant.io/components/sensor.sochain/
+"""
+import asyncio
+import logging
+from datetime import timedelta
+
+import voluptuous as vol
+
+import homeassistant.helpers.config_validation as cv
+from homeassistant.components.sensor import PLATFORM_SCHEMA
+from homeassistant.const import (CONF_NAME, ATTR_ATTRIBUTION)
+from homeassistant.helpers.entity import Entity
+from homeassistant.helpers.aiohttp_client import async_get_clientsession
+
+REQUIREMENTS = ['python-sochain-api==0.0.2']
+
+_LOGGER = logging.getLogger(__name__)
+
+CONF_ADDRESS = 'address'
+CONF_NETWORK = 'network'
+CONF_ATTRIBUTION = "Data provided by chain.so"
+
+DEFAULT_NAME = 'Crypto Balance'
+
+SCAN_INTERVAL = timedelta(minutes=5)
+
+PLATFORM_SCHEMA = PLATFORM_SCHEMA.extend({
+    vol.Required(CONF_ADDRESS): cv.string,
+    vol.Required(CONF_NETWORK): cv.string,
+    vol.Optional(CONF_NAME, default=DEFAULT_NAME): cv.string,
+})
+
+
+@asyncio.coroutine
+def async_setup_platform(hass, config, async_add_devices, discovery_info=None):
+    """Set up the sochain sensors."""
+    from pysochain import ChainSo
+    address = config.get(CONF_ADDRESS)
+    network = config.get(CONF_NETWORK)
+    name = config.get(CONF_NAME)
+
+    session = async_get_clientsession(hass)
+    chainso = ChainSo(network, address, hass.loop, session)
+
+    async_add_devices([SochainSensor(name, network.upper(), chainso)], True)
+
+
+class SochainSensor(Entity):
+    """Representation of a Sochain sensor."""
+
+    def __init__(self, name, unit_of_measurement, chainso):
+        """Initialize the sensor."""
+        self._name = name
+        self._unit_of_measurement = unit_of_measurement
+        self.chainso = chainso
+
+    @property
+    def name(self):
+        """Return the name of the sensor."""
+        return self._name
+
+    @property
+    def state(self):
+        """Return the state of the sensor."""
+        return self.chainso.data.get("confirmed_balance") \
+            if self.chainso is not None else None
+
+    @property
+    def unit_of_measurement(self):
+        """Return the unit of measurement this sensor expresses itself in."""
+        return self._unit_of_measurement
+
+    @property
+    def device_state_attributes(self):
+        """Return the state attributes of the sensor."""
+        return {
+            ATTR_ATTRIBUTION: CONF_ATTRIBUTION,
+        }
+
+    @asyncio.coroutine
+    def async_update(self):
+        """Get the latest state of the sensor."""
+        yield from self.chainso.async_get_data()
diff --git a/requirements_all.txt b/requirements_all.txt
index a993afcdf24..f3807d2e656 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -897,6 +897,9 @@ python-ripple-api==0.0.3
 # homeassistant.components.media_player.roku
 python-roku==3.1.3
 
+# homeassistant.components.sensor.sochain
+python-sochain-api==0.0.2
+
 # homeassistant.components.sensor.synologydsm
 python-synology==0.1.0