Coinbase Acquires Skew for Real-time Analytics

As institutional interest and adoption of digital assets heats up, firms are looking to beef up their offerings with real-time data services (and justify their management fees).

article-image

Source: Nasdaq

share
  • Skew serves more than 100 hedge funds, trading firms, banks and exchanges
  • The acquisition will allow Coinbase to enhance its prime offering for institutions, by letting customers make more informed trading decisions

Coinbase said Friday that it will acquire Skew, a provider of real-time analytics for crypto derivatives, for an undisclosed sum. The deal is expected to close “in the coming month.

The acquisition will allow Coinbase to enhance its prime offering for institutions, by letting customers make more informed trading decisions. 

“Access to high quality data is essential for institutions assessing investments in crypto assets,” Greg Tusar,, Coinbase’s vice president of institutional product, said in a blog post Friday. “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.”

Demand for data

As institutional interest and adoption of digital assets heats up, firms are looking to beef up their offerings with real-time data services (and justify their management fees). M&A is one route. Earlier this year the crypto asset manager NYDIG acquired analytics company Digital Assets Data. But the number of reliable crypto data providers is small.

Last month, billionaire investor George Soros’ fund backed the digital asset data provider Lukka in a $53 million Series D fundraise. State Street led its Series C raise in December. And yesterday Fidelity launched Sherlock, a digital assets analytics solution geared towards fund managers and other institutional investors.

Skew serves more than 100 hedge funds, trading firms, banks and exchanges, including One River Asset Management, Susquehanna International Group and Galaxy Digital. Coinbase has been its client since the launch of its analytics platform in 2018.

Coinbase serves more than 7,000 financial institutions and holds $122 billion in assets from them, which represents more than half of the $223 billion total assets on its platform.

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (1).png

Research

Aave’s revenues have doubled from April lows and are fast approaching all-time highs. With 35% of borrow interest coming from ETH and 55% from stablecoins, Aave is emerging as a powerful proxy as an ETH and stablecoin beta. As looping strategies accelerate growth and Horizon positions the protocol to ride the RWA wave, Aave is shaping up as one of DeFi’s most compelling multi-narrative plays.

article-image

Private testnet aims to deliver low-cost settlement with partners including Visa, Deutsche Bank, and OpenAI

by Blockworks /
article-image

Solana saw $78 million in REV for August

article-image

Lit Protocol’s Vincent is shifting agentic finance from toy demos to production rails

article-image

The new system aims to unify Europe’s fragmented tokenized asset settlement and cut cross-border costs

by Blockworks /
article-image

Tron slashed fees by 60% as Plasma looms, threatening its USDT moat

article-image

The acquisition adds evaluation-based funding to Kraken Pro, giving traders access to capital on performance

by Blockworks /