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Coinbase to acquire Skew to provide real-time actionable data analytics

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4 years ago

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Coinbase to acquire Skew to provide real-time actionable data analytics

Coinbase today announces that it is acquiring Skew to provide real-time actionable data analytics to institutions and traders.

According to the official blog post, “We know that access to high quality data is essential for institutions assessing investments in crypto assets. That’s why we’re excited to integrate skew’s data analytics platform with Coinbase Prime, allowing our customers to track cryptocurrency spot and derivatives markets in real-time.”

There are over 7,000 financial institutions which trust Coinbase to access crypto markets. It stores $122 billion of assets on our platform from institutions. The total assets on its platform as of 3/31/21 is $223 billion.

Skew was founded in 2018 in London, UK and its data analytics product now serves over 100 hedge funds, trading firms, banks and exchanges including One River Asset Management, Susquehanna International Group and Galaxy Digital.

“We believe this is a pivotal moment for skew, but also more broadly for driving access to premium and high-quality data and derivatives knowledge to support the crypto industry at large” Skew said via a blog post.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.