On April 30, Skew, which focuses on analysing data related to cryptocurrencies and their markets, announced its acquisition by Coinbase.
Skew analytics are leveraged by a variety of cryptocurrency companies, as they provide reliable data on popular cryptocurrencies such as Bitcoin and Ethereum, and anything related to their markets.
The company was founded three years ago by Emmanuel Goh and Tim Noat, soon gaining a prominent position among providers of similar services. The Skew team says it looks forward to partnering with Coinbase and believes that this development will broaden the company’s long-term development goals.
“The partnership with Coinbase is an opportunity for the development of Skew. We remain focused on supporting our customers and working with our partners in the ecosystem. We believe that our commitment and supply to our customers will be strengthened further only through cooperation with Coinbase. ”
This acquisition is not the only one for Coinbase. Coinbase has made a number of acquisitions over the past two years, but the acquisition of Skew comes shortly after the company was recently listed on the Nasdaq.
Since 2018, Coinbase has acquired several start-ups, Distributed Systems, Blockspring, Routefire, Tagomi and most recently Bison Trails, on January 19, 2021.
The team behind Skew noted that the company had already established a relationship with Coinbase and “has seen first-hand its impressive culture”.
However, so far, the monetary value of this acquisition has not been revealed.