Coinbase Acquires Skew – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

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

Per a Coinbase announcement 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 “essential for institutions assessing investments in crypto assets.”

“We’re excited to integrate skew’s data analytics platform with Coinbase Prime, allowing our customers to track cryptocurrency spot and derivatives markets in real-time,” Tusar said, per the announcement. “With skew, we’ll arm professional traders with dynamic, aggregated market data, presented in a highly actionable format, all within our market leading prime brokerage.”

The integration of skew could help institutional users of Coinbase take advantage of deeper bitcoin market analysis.

The terms of the financial deal remain undisclosed and is expected to close in Coinbase’s second fiscal quarter. The announcement noted that Coinbase will continue to serve skew’s existing customers.

This news is republished from another source. You can check the original article here

Be the first to comment

Leave a Reply

Your email address will not be published.


*