Coinbase, the popular bitcoin / crypto exchange company, announced today that it is acquiring skew, a cryptocurrency data visualization and analysis platform.
“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 clients to monitor cryptocurrency spot and derivatives markets in real time. With skew, we arm professional traders with dynamic, aggregated market data presented in a highly usable format, all within our market-leading prime brokerage. “
– Greg Tusar, Coinbase Vice President, Institutional Product
Today, more than 7,000 financial institutions rely on Coinbase as their one-stop shop to access crypto markets. Coinbase offers a fully integrated suite of institutional products that provide a powerful and compliant ecosystem for clients to trade, store, communicate, and now analyze crypto markets.
Coinbase will continue to serve customers of skew’s analytics product and is inviting new customers to try the skew platform by signing up for an account on skew.com.
London-based Skew was co-founded in 2018 by CEO Emmanel Goh and COO Tim Noat, with a mission to make cryptocurrency markets more transparent and accessible to institutional finance. Since then, the company has grown to more than 100 clients, including One River Asset Management and Susquehanna International Group,
The acquisition is subject to closing conditions and is expected to close in Coinbase’s fiscal second quarter.