{"id":16774,"date":"2021-04-30T16:32:46","date_gmt":"2021-04-30T16:32:46","guid":{"rendered":"http:\/\/ci0281eed5a0002458"},"modified":"2021-04-30T16:32:46","modified_gmt":"2021-04-30T16:32:46","slug":"coinbase-acquires-skew","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/coinbase-acquires-skew","title":{"rendered":"Coinbase Acquires Cryptocurrency Market Analysis Tool Skew"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>Cryptocurrency exchange Coinbase has acquired skew, a U.K-based data analytics firm for cryptocurrency markets, allowing the exchange to provide real-time data analytics to the institutions and traders who leverage its platform<\/p>\n<p>Per a Coinbase<a href=\"https:\/\/blog.coinbase.com\/coinbase-to-acquire-leading-institutional-data-analytics-platform-skew-929e3882ef42\" target=\"_blank\" rel=\"noopener\"> announcement<\/a> today, the acquisition is part of its work to strengthen services for institutional clients. According to Greg Tusar, vice president of institutional products at Coinbase, high-quality data access is \u201cessential for institutions assessing investments in crypto assets.\u201d<\/p>\n<p>\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,\u201d Tusar said, per the announcement. \u201cWith 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<\/p>\n<p>The integration of skew could help institutional users of Coinbase take advantage of deeper bitcoin market analysis.<\/p>\n<p>The terms of the financial deal remain undisclosed and is expected to close in Coinbase\u2019s second fiscal quarter. The announcement noted that Coinbase will continue to serve skew\u2019s existing customers.<\/p>\n<p>Recently, Coinbase has reported<a href=\"https:\/\/bitcoinmagazine.com\/business\/coinbase-reports-1-8-billion-in-revenue-6-1-million-active-users-for-q1\"> significant growth<\/a> in revenue, estimating $1.8 billion in total revenue and 6.1 million monthly transacting users in the first quarter of 2021.<\/p>\n<p>\u201cBy joining Coinbase, skew will benefit from a widely increased set of resources which will allow us to accelerate the pace of the platform\u2019s development and support our product ambitions,\u201d skew said in its<a href=\"https:\/\/skew.com\/blog\/skew-is-joining-coinbase\" target=\"_blank\" rel=\"noopener\"> own release<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase has announced the acquisition of cryptocurrency market analytics firm skew, with hopes of adding features for institutional traders.<\/p>\n","protected":false},"author":3294,"featured_media":11533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[190,3054],"class_list":{"0":"post-16774","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-coinbase","9":"tag-skew"},"author_data":{"id":3294,"name":"Sujha Sundararajan","nicename":"sujha-sundararajan","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/c5f6f23b8c2087d6b4843980de64cbd60eef45d19d21e0696db64db7cd722895?s=96&d=robohash&r=g"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/op-ed-markets-of-unrest-key-to-bitcoin-adoption.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3294"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=16774"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/11533"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=16774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=16774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=16774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}