Coinbase Acquires Digital Asset Data Firm skew
Coinbase (NASDAQ:COIN), the largest crypto exchange in the US, has acquired
skew, a UK-based data analytics firm in the digital asset sector. Terms of the deal were not revealed and the transaction is expected to close next month following typical closing conditions.
Founded in London in 2018, skew is a leading data analytics firm serving over 100 hedge funds, banks, and exchanges.
Co-founders include CEO
Tim Noat previously at Citigroup and UBS. The Chairman of the board is
Jamie Selway, previously head of electronic brokerage at ITG which was acquired by Virtu Financial for $1bln in 2019.
COIN Stock Up 1%, Coinbase Acquires Skew for Undisclosed Amount
Apr 30 2021 · 16:17 UTC | Updated
May 3 2021 · 08:17 by Steve Muchoki · 3 min read
Photo: The Coinbase Blog
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Coinbase will integrate data analytics from Skew to its platform to allow traders to track spot and derivatives markets in real-time.
Coinbase Global Inc (NASDAQ: COIN) stock was up over 1% on Friday to trade around $300 at the time of reporting. The spike was attributed to the announcement that the cryptocurrency exchange firm has acquired a leading data analytics and trade execution platform for institutional investors Skew.
According to Coinbase through a blog post, the latest acquisition will help it to provide real-time actionable data analytics to institutions and traders. The only publicly-traded cryptocurrency exchange company has acquired to not only diversify its investment but also help it remain competitive in the global digital asset in
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