Skew Announced That it Will be Acquired by Coinbase
Last Friday, Skew, a company that provides professional data analytics and trade execution services for cryptocurrency markets, announced that it will be acquired by Coinbase.
Founded in 2018 in London, the Skew team has since grown to nearly 20 employees and through its leading data analytics product now serves over 100 hedge funds, trading firms, banks and exchanges including One River Asset Management, Susquehanna International Group and Galaxy Digital. The announcement reads:
“While joining Coinbase represents an unparalleled opportunity for skew’s continued growth, we remain acutely focused on supporting our clients and working with our ecosystem partners (...) We very much look forward to working with the Coinbase team to combine skew's leading analytics platform and derivatives expertise with Coinbase’s best-in-class institutional product suite.”
The acquisition is subject to customary closing conditions and is expected to close in the coming month.
