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.

AccessTimeIconApr 30, 2021 at 12:00 p.m. UTC
Updated May 9, 2023 at 3:18 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.

  • 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.
  • How NEAR Enables Multichain Access From One Account
    00:56
    How NEAR Enables Multichain Access From One Account
  • Why the NEAR foundation Chose Eigenlayer as a Security Partner
    00:54
    Why the NEAR foundation Chose Eigenlayer as a Security Partner
  • Judge Kaplan Had 'No Love' for Sam Bankman-Fried, Legal Expert Says
    07:08
    Judge Kaplan Had 'No Love' for Sam Bankman-Fried, Legal Expert Says
  • How Bitcoin and Ether's Options Contracts Combined Expiry Could Spike Volatility
    01:11
    How Bitcoin and Ether's Options Contracts Combined Expiry Could Spike Volatility
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.