According to Fortune magazine, Talos announced the acquisition of Coin Metrics for over $100 million. [Foresight News]

On July 17 (UTC+8), digital asset institutional trading platform Talos announced the acquisition of Coin Metrics, a leading crypto market data and blockchain analytics company, to create the industry's first integrated platform for data and investment management. This integration will combine Talos' trading and portfolio management system with Coin Metrics' on-chain data, analytics tools, and index system to provide institutional clients with a complete solution from trading to risk control. This is Talos' largest acquisition to date, marking a continued deepening of its strategy to build an end-to-end digital asset infrastructure. [MetaEra]

COIN

Talos Acquires Coin Metrics to Accelerate Institutional-Grade Digital Asset Infrastructure Layout

Talos is acquiring Coin Metrics to expand its services for institutional investors, joining a trend of crypto M&A deals this year. The deal, reportedly valued at $100 million, marks Talos' largest acquisition and aims to create an integrated institutional platform.

Talos Will Acquire Coin Metrics in $100 Million Deal

According to NFTgators, crypto trading infrastructure provider Talos has announced the acquisition of on-chain data company Coin Metrics for over $100 million, with the aim of creating an institutional-grade one-stop digital asset trading and investment management platform. Talos completed a $40.00 million financing round led by a16z in 2021, and raised another $105.00 million in 2022, with a valuation of $1.25 billion. Its investors include PayPal, Fidelity, BNY Mellon, Citi, and others. [Wu Blockchain]

PYPL

Talos Announces Acquisition of On-Chain Data Company Coin Metrics for Over $100 Million

Talos, a crypto infrastructure firm and unicorn backed by heavyweights including Citibank and Andreessen Horowitz, has acquired blockchain data provider Coin Metrics.

The deal closed at over $100 million, a source with direct knowledge of the matter confirmed to The Block. Fortune first reported the news.

In an interview with Fortune, Talos co-founder and CEO Anton Katz said the acquisition supports the firm's goal of becoming a "one-stop shop" for institutions looking to enter crypto trading and portfolio management, describing Coin Metrics as a leader in on- and off-chain data. "Digital assets are actually changing how finance is doing things behind the scenes," he said, citing Robinhood's move into tokenized stocks. "This is the next evolution for us. Our bet is that digital assets are going to be the underlying technology of financial markets."

New York-based Talos was founded in 2018 by Katz and fellow Wall Street veteran Ethan Feldman on the belief that crypto would become an institutional asset class. By connecting to both centralized exchanges like Coinbase and decentralized alternatives like Uniswap, Talos aims to deliver advanced trading infrastructure for institutional crypto trading.

Katz said he's known the Boston-based Coin Metrics team since both firms started, noting the deal offers deeper historical and onchain data for Talos. Talks began about four months ago, and Talos plans to fully integrate Coin Metrics without raising extra capital for the deal.

While an initial public offering is also a consideration amid Circle's recent blockbuster IPO and crypto firms like Gemini and Kraken weighing up the move, Katz added that Talos is "not ready to make any strong commitments" at this time.

The Block reached out to Talos and Coin Metrics for further comment.

This latest deal comes amid a sharp rise in mergers and acquisitions across the crypto industry this year, fueled by a more positive crypto regulatory environment under the Trump administration in the U.S., market consolidation, and a drive to scale infrastructure.

Recent high-profile deals include Coinbase's record $2.9 billion acquisition of Deribit, Kraken's $1.5 billion purchase of NinjaTrader, Ripple's $1.25 billion takeover of Hidden Road, Stripe's $1.1 billion deal for stablecoin platform Bridge, and Robinhood's completion of its $200 million Bitstamp acquisition.

Talos was valued at $1.25 billion when it raised $105 million in a Series B funding round in 2022. Besides Citibank and a16z, Talos' investors include Wells Fargo Strategic Capital, BNY Mellon, PayPal Ventures, Castle Island Ventures, and Fidelity Investments. Coin Metrics previously raised $35 million in a 2022 round led by BNY Mellon and Acrew Capital, with additional support from Goldman Sachs, Brevan Howard Digital, Cboe Global Markets, Avon Ventures, and others. [The Block]

Citi-backed crypto infrastructure firm Talos acquires Coin Metrics in deal worth over $100 million

Talos, a New York-based digital asset trading infrastructure development company, has announced the acquisition of blockchain data provider Coin Metrics. According to a person familiar with the matter, the deal was worth over $100 million. Talos was founded in 2018 by Wall Street veteran Katz and Ethan Feldman, who serves as the company's chief technology officer. Its software helps institutional investors such as hedge funds and asset management companies trade digital assets such as Bitcoin and Ethereum. [ChainCatcher]

Crypto infrastructure firm Talos acquires blockchain data provider Coin Metrics for over $100 million

On July 16, Fortune reported that crypto infrastructure company Talos announced the acquisition of blockchain data provider Coin Metrics for over $100 million. Talos was founded in 2018 by Wall Street veterans Anton Katz and Ethan Feldman, primarily providing institutional investors with trading infrastructure for digital assets such as Bitcoin and Ethereum. This acquisition reflects Talos' commitment to becoming a one-stop service platform for institutional-grade digital asset trading and portfolio management. Coin Metrics was founded in 2017 and focuses on providing on-chain and off-chain data services. Talos plans to fully integrate Coin Metrics into its team and platform and did not need to raise additional funds for the acquisition. Katz stated that as the Trump administration relaxes regulations, the trend of institutional investors entering the crypto market is a foregone conclusion, and digital assets will become the underlying technology of financial markets in the future, including the tokenization of traditional assets. [TechFlow]

On July 16, according to Fortune, New York-based crypto asset trading infrastructure development company Talos announced that it has acquired blockchain data provider Coin Metrics in a deal worth over $100 million. Talos was founded in 2018 by Wall Street veteran Katz and Ethan Feldman, who serves as the company's chief technology officer. Its software helps institutional investors such as hedge funds and asset management companies trade digital assets such as Bitcoin and Ethereum. [BlockBeats]

Crypto infrastructure giant Talos announces acquisition of blockchain data provider Coin Metrics

July 16th, according to Fortune report, New York-based cryptocurrency exchange infrastructure development company Talos announced it has acquired blockchain data provider Coin Metrics in a transaction exceeding 1 billion US dollars. Talos, founded in 2018 by Wall Street veterans Katz and the company's Chief Technology Officer Ethan Feldman, provides software that helps institutional investors such as hedge funds and asset management firms trade digital assets like Bitcoin and Ethereum. [BlockBeats News]

Cryptocurrency Infrastructure Giant Talos Announces Acquisition of Blockchain Data Provider Coin Metrics

On July 16, according to Fortune magazine, crypto infrastructure giant Talos announced the acquisition of blockchain data provider Coin Metrics. People familiar with the matter revealed that the transaction amount exceeded US$100 million. The acquisition aims to integrate on-chain data services and provide institutional clients with a one-stop solution for digital asset trading and portfolio management. Talos was founded in 2018 by Wall Street veterans Anton Katz and Ethan Feldman. Its platform provides technical support for crypto asset trading for hedge funds and other institutions, and was previously valued at $1.25 billion. Coin Metrics excels in on-chain data analysis and will supplement Talos' historical data and customer service capabilities. Talos CEO said that as the Trump administration promotes regulatory relaxation, traditional financial institutions' participation in crypto assets is no longer a suspense, and the focus in the future will shift to the tokenization of traditional assets such as stocks. [PANews]

Crypto Infrastructure Giant Talos Acquires Coin Metrics for Over $100 Million

Talos Acquires Coin Metrics for Over $100 Million

Talos, a New York-based digital asset trading infrastructure development company, has announced the acquisition of blockchain data provider Coin Metrics. According to a person familiar with the matter, the deal is worth over $100 million. Talos was founded in 2018 by Wall Street veteran Katz and Ethan Feldman, who serves as the company's chief technology officer. Its software helps institutional investors such as hedge funds and asset management companies trade digital assets such as Bitcoin and Ethereum. (Fortune) [Odaily Planet Daily News]

Crypto infrastructure firm Talos acquires Coin Metrics for over $100 million

Talos' acquisition of Coin Metrics could accelerate the integration of data analytics and investment management in the crypto sector, enhancing institutional adoption.
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PayPal-backed crypto infrastructure firm Talos inks $100 million deal to acquire Coin Metrics

据Fortune杂志报道，Talos宣布以超过1亿美元的价格收购了Coin Metrics。[Foresight News]

Talos以超过1亿美元的价格收购了Coin Metrics

據Fortune雜誌報道，Talos宣佈以超過1億美元的價格收購了Coin Metrics。[Foresight News]