Talos to Buy Coin Metrics Amid Surge in Crypto M&A Activity

Talos, a provider of institutional trade technology, buys data company Muntenstatistics because it wants to increase its services for institutional investors, according to a press release from a company on Wednesday. This year, the deal contributes to a growing list of deals in the Crypto -M & A space.

A Talos spokesperson would not confirm the size of the deal Decrypt But several news stores reported that it was appreciated at $ 100 million, with reference to unnamed sources. Talos said it was the biggest deal in the history of the company.

Coin Metrics offers a crypto -markets feed and other markets -instrumentation services.

“By bringing our platforms together, we create a fully integrated, one-stop solution that benefits the customers of both companies,” said Talos CEO and co-founder Anton Katz in a statement. “Institutions are increasingly looking at us to support the entire life cycle of the investment of digital assets, from trade and portfolio management to market data, analyzes on chains and portfolio construction.”

The acquisition comes in the midst of a revival in the crypto fusions and takeover such as the price of Bitcoin and other digital assets increases. In May, Coinbase, the largest crypto exchange in the US, bought Derivaten Exchange Deribit for $ 2.9 billion in May in the largest deal of industry this year. Coin has completed several acquisitions this year.

In April, Magic Eden said that the Slingshot finance would acquire, the mobile-first crypto-trading application known for its cross-chain swaps and retail-friendly interface.

And Exchange Kraken, based in San Francisco, said in March that the Futures Trading Platform Ninjatrader bought $ 1.5 billion.

Talos offers technology with which institutions can participate in Crypto. Last year it bought it CloudwallA developer of Digital Asset Risk Technology and Skolem, a technology Supplier who enables institutional investors to make an efficient connection with decentralized financing markets.

Talos deals with the entire life cycle, including liquidity acceptance, price discovery, trade, settlement, loans, borrowing and portfolio management. It is the establishment of Katz and Ethan Feldman who have seen a need for a trading platform, aimed at institutional investors. In 2022, Talos raised $ 105 million in a series B finance round with a rating of $ 1 billion.