{"id":41680,"date":"2021-04-30T16:39:33","date_gmt":"2021-04-30T13:39:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41680"},"modified":"2025-08-30T19:48:53","modified_gmt":"2025-08-30T16:48:53","slug":"coinbase-to-acquire-analytics-platform-skew","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-to-acquire-analytics-platform-skew\/","title":{"rendered":"Coinbase to acquire analytics platform Skew"},"content":{"rendered":"<p>The Nasdaq-listed cryptocurrency exchange Coinbase announced an impending acquisition of the data provider for cryptocurrency derivatives markets, Skew.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re excited to announce the acquisition of <a href=\"https:\/\/twitter.com\/skewdotcom?ref_src=twsrc%5Etfw\">@skewdotcom<\/a> a leading institutional data analytics platform. <a href=\"https:\/\/t.co\/5PMqOj8Oq8\">https:\/\/t.co\/5PMqOj8Oq8<\/a><\/p>\n<p>\u2014 Coinbase News (@CoinbaseNews) <a href=\"https:\/\/twitter.com\/CoinbaseNews\/status\/1388100960568938498?ref_src=twsrc%5Etfw\">April 30, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The deal value was not disclosed. Its closing is expected in the second quarter.<\/p>\n<p>The exchange plans to connect Skew\u2019s services to its institutional-investor trading platform Coinbase Prime. The tools will complement its existing functionality.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cLarge clients require an accurate valuation of assets. After the deal they will have access to dynamic, aggregated real-time market data for trades on the spot and derivatives markets in a convenient format.\u201d<\/em> \u2014 wrote Greg Tousar, vice president of the platform.<\/p>\n<\/blockquote>\n<p>According to the executive, more than 7,000 institutional investors entrusted Coinbase with $122 billion, which is more than half of its total assets ($233 billion as of March 31, 2021).<\/p>\n<p>Since its founding in 2018, Skew has served more than 100 clients, including One River Asset Management and Susquehanna International Group.<\/p>\n<p>In April 2020, Skew raised $5 million in funding. The firm timed the launch of its trade-execution service and electronic brokerage platform for institutional clients to this event.<\/p>\n<p>In the same year, Coinbase acquired cryptocurrency prime broker Tagomi for $75 million.<\/p>\n<p>In January 2021, the cryptocurrency exchange acquired <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-acquires-routefire-an-institutional-investor-focused-startup\">Routefire service<\/a>, which specializes in executing large cryptocurrency trades. It also bought <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-acquires-blockchain-infrastructure-solutions-provider-bison-trails\">the blockchain infrastructure solutions provider Bison Trails<\/a>.<\/p>\n<p>ForkLog has previously reported Coinbase&#8217;s leadership in mergers and acquisitions since 2013.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nasdaq-listed cryptocurrency exchange Coinbase announced an impending acquisition of the data provider for cryptocurrency derivatives markets, Skew.<\/p>\n","protected":false},"author":1,"featured_media":41681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1235],"class_list":["post-41680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-mergers-and-acquisitions"],"aioseo_notices":[],"amp_enabled":true,"views":"40","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=41680"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41680\/revisions"}],"predecessor-version":[{"id":41682,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/41680\/revisions\/41682"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/41681"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=41680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=41680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=41680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}