The cryptocurrency exchange Coinbase announced on Friday that it intends to buy the Skew data analysis platform for an unspecified amount. This is the first purchase of the company after the direct listing of its shares earlier this month.
Coinbase, which started its public trading on April 14, connects Skew platform data to its main brokerage platform, Coinbase Prime, which includes Bitcoin derivatives market, trading volume, charts and fluctuation information. he does. The deal is expected to be finalized in the second quarter of the year.
"We know that access to high-quality data is essential for institutions evaluating investment in cryptographic assets," Greg Tusar, the operator's vice president of institutional products, said in a blog post. Coinbase bought Tagomi last year in a deal that boosted the exchange's institutional product portfolio. Tagumi was reportedly valued at $ 77.2 million at the time of the transaction.
Earlier this year, Coinbase announced the acquisition of cryptographic infrastructure company Bison Trails with the aim of creating a business similar to Amazon Web Services. The exchange said in January that it had also acquired the Routefire trading platform.
Source:
https://www.theblockcrypto.com/linked/103404/coinbase-set-to-acquire-data-and-analytics-platform-skew-for-undisclosed-sum
