- Cryptocurrency trading platform Coinbase Global Inc (NASDAQ: COIN) announced it is buying blockchain data analytics company Skew. These are the details.
Cryptocurrency trading platform Coinbase Global Inc (NASDAQ: COIN) announced it is buying blockchain data analytics company Skew. This deal was announced by Greg Tusar, Head of Institutional Product at Coinbase, in a blog post.
Tusar cited Skew as being the leading institutional data visualization and analytics platform for crypto markets. And Coinbase plans to integrate skew’s data analytics platform into Coinbase Prime, allowing customers to track cryptocurrency spot and derivatives markets in real-time.
“Today, more than 7,000 financial institutions trust Coinbase as their one-stop shop for accessing crypto markets. Our fully integrated suite of institutional products provides a seamless, powerful and compliant ecosystem for our clients to trade, store, interact, and now analyze crypto markets. The suite combines access to the world’s largest pool of regulated, verified crypto liquidity through Coinbase Pro with high performance APIs and a high-touch coverage team,” wrote Tusar. “Paired with access to our global OTC trading desk and Coinbase Custody’s highly secure and insured storage platform, Coinbase delivers the trust, security, and performance needed by investors to trade with confidence. We’re proud to store $122 billion of assets on our platform from institutions, which represents more than half of the $223 billion total assets on our platform (estimated as of 3/31/21).”
Coinbase has been a Skew client since it launched Skew Analytics two years ago. Skew was co-founded in 2018 by CEO Emmanuel Goh and chief operating officer Tim Noat.