{"id":239337,"date":"2021-04-30T15:27:45","date_gmt":"2021-04-30T12:27:45","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinbase-to-acquire-skew-crypto-data-analytics-platform\/"},"modified":"2021-04-30T15:27:45","modified_gmt":"2021-04-30T12:27:45","slug":"coinbase-to-acquire-skew-crypto-data-analytics-platform","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinbase-to-acquire-skew-crypto-data-analytics-platform\/","title":{"rendered":"# Coinbase to acquire Skew crypto data analytics platform"},"content":{"rendered":"

“# Coinbase to acquire Skew crypto data analytics platform <\/strong>”
\n<\/p>\n

United States cryptocurrency giant Coinbase is acquiring institutional-grade blockchain data analytics platform Skew.<\/p>\n

Greg Tusar, vice president of institutional products at Coinbase, announced<\/a> the news<\/a> Friday, stating that the new acquisition will help customers make more informed trading decisions by using real-time data analytics.<\/p>\n

\u201cWe\u2019re excited to integrate skew\u2019s data analytics platform with Coinbase Prime, allowing our customers to track cryptocurrency spot and derivatives markets in real-time. With skew, we\u2019ll arm professional traders with dynamic, aggregated market data, presented in a highly actionable format, all within our market leading prime brokerage,\u201d Tusar noted.<\/p>\n

The acquisition is part of Coinbase\u2019s broader strategy to serve institutional clients. According to Tusar, the exchange will continue to serve Skew\u2019s institutional customers, which include One River Asset Management and Susquehanna International Group.<\/p>\n

\u201cWhile joining Coinbase represents an unparalleled opportunity for skew\u2019s continued growth, we remain acutely focused on supporting our clients and working with our ecosystem partners. We believe our client commitment and offering will only be further enhanced by partnering with Coinbase,\u201d Skew wrote<\/a> in a Friday blog post.<\/p>\n

The company noted that Coinbase has been a Skew client since it launched Skew Analytics two years ago. \u201cWe have not only developed a strong, positive relationship with the Coinbase team but have witnessed first-hand their impressive product-led culture, focus on compliance and commitment to the institutional space,\u201d the firm said.<\/p>\n

Headquartered in London, Skew was co-founded in 2018 by CEO Emmanuel Goh and chief operating officer Tim Noat with a mission to make crypto markets more transparent and drive institutional adoption. The company has seen rapid growth, accumulating more than 100 customers so far. Skew also established a bench with a mix of traditional financial services and crypto expertise with executives coming from major U.S. institutions such as JPMorgan, Goldman Sachs and Citi.<\/p>\n

The news comes weeks after Coinbase went public on Nasdaq. Shortly after the listing on April 14, several Coinbase executives, including CEO Brian Armstrong\u00a0and chief financial officer Alesia Haas,\u00a0sold hundreds of thousands of COIN shares, netting millions of dollars.<\/p>\n

Coinbase was actively acquiring companies before going public, though. In January 2021, Coinbase acquired Bison Trails, a fully managed blockchain infrastructure provider, in order to secure a \u201cfoundational element\u201d within its growing ecosystem of products. The deal reportedly cost<\/a> Coinbase around $80 million. Previously, the firm acquired trading execution startup Routefire to further improve its Coinbase Prime suite of tools and services.<\/p>\n