Share this article
Coinbase to Acquire Institutional Data Analytics Platform Skew
Skew will be integrated with Coinbase Prime, allowing the crypto exchange to provide real-time data analytics to its institutional clients.
Updated May 9, 2023, 3:18 a.m. Published Apr 30, 2021, 12:00 p.m.
Make us preferred on Google
Coinbase said Friday it has agreed to buy data analytics platform skew, allowing the leading cryptocurrency exchange to beef up its offerings to its growing base of institutional clients.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Financial terms weren't disclosed.
- The data analytics platform will be integrated with Coinbase Prime, allowing the crypto exchange to provide real-time data analytics to its institutional clients.
- Coinbase had $112 billion of assets from institutions as of the end of March, which is more than half of the total assets held on its platform ($223 billion).
- Institutional trade volume has outstripped retail trades every quarter since the second quarter of 2019. By the fourth quarter of last year, the split grew to 64% of trade coming from institutions.
- Skew was founded in 2018 with the aim of making crypto markets more accessible to institutional investors, and it now counts more than 100 customers, including hedge fund One River Asset Management.
- The firm launched a trade execution platform in April 2020 and raised $5 million in a funding round led by London-based venture capitalists Octopus Ventures.
- The deal is expected to close in the second quarter.
See also: Coinbase Pro Delays Rollout of Tether Trading Citing API Issues
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
World token jumps 27% as Sam Altman reportedly eyes a biometric social network to kill off bots
The WLD token surged after Forbes reported that Sam Altman's OpenAI is planning to use Worldcoin to fight bots online.
What to know:
- World’s WLD token jumped sharply on Wednesday after a Forbes report said Sam Altman’s OpenAI is exploring a biometric social network to combat online bots.
- The report said OpenAI has considered using Apple’s Face ID or World’s iris-scanning Orb device to verify human users, though no formal partnership between OpenAI and World has been confirmed.
- World Network, which has raised $135 million and says it has verified millions of people, is pitching its World ID system as a privacy-focused way to prove personhood online even as it faces regulatory scrutiny in countries such as Kenya and the U.K.
Top Stories
