Crypto buying and selling infrastructure agency Talos is buying Coin Metrics, a market analytics platform, in a large deal price $100 million.
In line with a brand new press launch, Talos is buying the Boston-based crypto intelligence agency to develop into the primary ever firm within the trade to supply each funding administration providers in addition to present built-in knowledge to shoppers.
In line with a report from Fortune, the deal is valued at over $100 million.
Talos – which launched in 2020 – offers a litany of crypto-related options for institutional shoppers, together with liquidity sourcing, value discovery, buying and selling, cost settlements, and portfolio administration providers.
Anton Katz, the chief government of Talos and its co-founder, mentioned within the press launch that the merger will create a “one-stop store” for institutional shoppers.
“We’re thrilled to welcome Coin Metrics to Talos. By bringing our platforms collectively, we’re creating a totally built-in, one-stop resolution that advantages the shoppers of each corporations.
Establishments more and more look to us to help the complete digital asset funding lifecycle, from buying and selling and portfolio administration to market knowledge, on-chain analytics, and portfolio building. Combining our groups and applied sciences delivers a uniquely highly effective platform, making our providing considerably stronger for our shoppers.”
Final 12 months, it was introduced that Talos bought Skolem, a platform that enables institutional traders to straight take part in decentralized finance (DeFi) ecosystems.
This buy got here a 12 months after Talos built-in with the decentralized change (DEX) Uniswap (UNI), one of many largest decentralized buying and selling platforms on this planet.
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