Brief
- The Talos trading platform buys metrics of money from data companies.
- Talos would not reveal the size of the agreement.
- A number of large crypto companies have made acquisitions this year.
Talos, a supplier of institutional commercial technologies, buys measures of data companies while seeking to expand its services for institutional investors, according to a press release from the company. The agreement is added to a growing list of offers in the space of mergers and cryptographic acquisitions this year.
A Talos spokesperson would not confirm the size of the agreement Decipher But several media indicated that it was estimated at $ 100 million, citing anonymous sources. Talos said it was the biggest agreement in business history.
Coin Metrics offers a flow of cryptocurrencies and other market intelligence services.
“By bringing together our platforms, we create a fully integrated one-shop solution that benefits customers of the two companies,” said the CEO and co-founder of Talos, Anton Katz, in a press release. “Institutions are turning more and more to support the entire life cycle of digital asset investments, trading and portfolio management to market data, chain analyzes and wallet construction.”
The acquisition comes in the middle of a recovery in the space of mergers and cryptographic acquisitions as a price of bitcoin and other digital assets. In May, Coinbase, the largest crypto exchange in the United States, bought derivative derivatives in May for $ 2.9 billion in the largest industry transaction this year. Coin has completed several acquisitions this year.
In April, Magic Eden said that he acquired Slingshot Finance, the crypto-axé trading application on the known mobile for its cross-exchanges and its interface adapted to retail.
And the exchange based in San Francisco, Kraken, said in March that it bought the Ninjatrader trading platform for $ 1.5 billion.
Talos provides technology allowing institutions to get involved in the crypto. Last year, he acquired Clouddeveloper of digital asset risk technology and SKOLEM, a technology Supplier that allows institutional investors to effectively connect to decentralized financial markets.
Talos covers the full negotiation life cycle, in particular the supply of liquidity, price discovery, trading, settlement, loans, loans and portfolio management. It was the creation of Katz and Ethan Feldman who saw the need for a commercial platform for institutional investors. In 2022, Talos lifted $ 105 million in a series B financing tour of an evaluation of $ 1 billion.
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