Talos acquires Coin Metrics, driving M&A activity in Crypto
Talos, a technology provider for institutional trading, is acquiring the data company
#CoinMetrics . This deal, reportedly valued at $100 million, is part of Talos's strategy to expand services for institutional investors and contributes to the increase in mergers and acquisitions (M&A) activity in the cryptocurrency space this year.
Expanding services and the M&A wave
The merger will create an integrated solution for customers, including trading, portfolio management, market data, and on-chain analysis. Anton Katz, CEO of
#Talos , stated that institutions are increasingly seeking a comprehensive solution for the digital asset investment lifecycle.
This deal comes against the backdrop of rising Bitcoin prices and other digital assets, driving a wave of M&A in the crypto industry. For instance, Coinbase acquired the derivatives exchange Deribit for $2.9 billion in May, Magic Eden purchased Slingshot Finance, and Kraken acquired NinjaTrader for $1.5 billion in March. Talos also completed two acquisitions last year: Cloudwall (digital asset risk management technology) and Skolem (connecting institutional investors with the DeFi market).