- Access to high quality data has become essential for institutions as their interest in digital assets grows
- This week Coinbase acquired Skew, a provider of real-time analytics for crypto derivatives, for an undisclosed sum
The demand for digital assets data is still gaining steam. Coin Metrics, the blockchain and cryptocurrency data company, said Wednesday it raised $15 million to expand operations in Europe and Asia and create new products. Goldman Sachs led the round.
Access to high quality data has become essential for institutions as their interest in digital assets grows and they’re increasingly having to assess crypto investments, beef up their offerings with real-time data services and justify their management fees.
Earlier this year billionaire investor George Soros’ fund backed the digital asset data provider Lukka in a $53 million Series D fundraise and Chainalysis raised $100 million.
Also, the crypto asset manager NYDIG acquired analytics company Digital Assets Data, Fidelity launched a digital assets analytics solution for fund managers and other institutional investors, and Coinbase acquired Skew, a provider of real-time analytics for crypto derivatives, for an undisclosed sum.
Coin Metrics was founded in 2017 as an open-source project to determine the economic significance of public blockchains. One of its cofounders, Nic Carter, is also a founding partner of Castle Island Ventures, which also invested in the round.
Highland Capital Partners, Fidelity Investments, Avon Ventures, Communitas Capital, Collab+Currency, Acrew Ventures, Morningside Group, BlockFi and Warburg Serres Investments participated too.
