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

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]