Share this article
Crypto Trading Technology Firm Talos to Buy Data Platform Coin Metrics for Over $100M: Source
The combination will create an integrated data and investment management platform for trading cryptocurrencies.
Jul 16, 2025, 12:21 p.m.
Make us preferred on Google
What to know:
- Crypto trading technology firm Talos is buying Coin Metrics for more than $100 million, according to a person familiar with the matter.
- The deal will combine Talos’s execution and portfolio management infrastructure with Coin Metrics’ blockchain analytics, market data, and index products.
Talos, an institutional trading technology provider for digital assets, is set to acquire crypto data firm Coin Metrics in a deal exceeding $100 million, according to a person familiar with the matter.
The acquisition will combine Talos’s execution and portfolio management infrastructure with Coin Metrics’ blockchain analytics, market data, and index products, creating what the firms claim is the industry’s first fully integrated data and investment management platform for digital assets, Talos said in a press release on Wednesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The move marks the largest acquisition in Talos’s history. The company has been actively expanding its capabilities through M&A, including prior acquisitions of Cloudwall, Skolem, and D3X Systems.
The acquisition further signals consolidation in the digital asset infrastructure space, as platforms seek to differentiate by offering end-to-end solutions to traditional finance players entering crypto.
Talos and Coin Metrics share a strong institutional client base, and the integration is expected to streamline data-driven workflows, from advanced portfolio analytics and risk assessment to execution and performance benchmarking.
"By bringing our platforms together, we're creating a fully integrated, one-stop solution that benefits the clients of both firms," said Anton Katz, CEO and co-founder of Talos, in the release.
"Institutions increasingly look to us to support the entire digital asset investment lifecycle, from trading and portfolio management to market data, on-chain analytics, and portfolio construction. Combining our teams and technologies delivers a uniquely powerful platform, making our offering significantly stronger for our clients," Katz added.
Headquartered in New York, Talos operates in 32 countries with offices in London, Cyprus, and Singapore.
Read more: Crypto Treasury Firm ReserveOne Going Public in $1B SPAC Deal
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Specialized AI detects 92% of real-world DeFi exploits
New research claims specialized AI dramatically outperforms general-purpose models at detecting exploited DeFi vulnerabilities.
What to know:
- A purpose-built AI security agent detected vulnerabilities in 92% of 90 exploited DeFi contracts ($96.8 million in exploit value), compared with 34% and $7.5 million for a baseline GPT-5.1-based coding agent running on the same underlying model.
- The gap came from domain-specific security methodology layered on top of the model, not differences in core AI capability, according to the report.
- The findings come as prior research from Anthropic and OpenAI shows AI agents can execute end-to-end smart contract exploits at low cost, accelerating concerns that offensive AI capabilities are scaling faster than defensive adoption.
Top Stories
