Talos to Acquire Coin Metrics in $100M+ Deal, Creating Integrated Crypto Data Platform

Institutional crypto trading technology provider Talos is acquiring blockchain analytics firm Coin Metrics for over $100 million, according to a source familiar with the matter. The deal marks Talos's largest acquisition to date as it builds out an end-to-end solution for traditional finance institutions entering digital assets.

The combined platform will integrate Talos's execution and portfolio management systems with Coin Metrics' market data, indexes, and blockchain analytics. "We're creating a fully integrated, one-stop solution that benefits the clients of both firms," said Talos CEO Anton Katz. The merger reflects growing consolidation in crypto infrastructure as providers race to serve institutional demand.

Both companies count major financial institutions among their clients. The acquisition follows Talos's previous purchases of Cloudwall, Skolem, and D3X Systems as it expands its capabilities through strategic M&A.