Talos Drops $100M+ Bomb: Coin Metrics Acquisition Unleashes Crypto’s Ultimate Trading Powerhouse

Wall Street's crypto infrastructure arms race just went nuclear.

Talos—the institutional trading tech firm backed by Andreessen Horowitz and PayPal Ventures—just cemented its dominance with a nine-figure acquisition of blockchain data titan Coin Metrics. The move creates an end-to-end crypto trading behemoth right as traditional finance finally crawls out of its 'blockchain, not Bitcoin' phase.

The new empire

Merging Talos's execution tech with Coin Metrics' institutional-grade data turns the combined entity into a one-stop shop for hedge funds and banks diving into crypto. Think Bloomberg Terminal meets Coinbase Prime—with extra alpha.

Timing is everything

The deal lands as Bitcoin flirts with new all-time highs and BlackRock's ETF inflows hit $25B. Suddenly, every wealth manager needs crypto infrastructure that doesn't smell like a 2017 ICO.

One cynical footnote: The $100M+ price tag might seem steep until you remember JPMorgan spends that much on office plants. Progress comes slow to finance—but when it moves, it moves in dump trucks full of VC cash.

TLDR

• Talos acquires Coin Metrics, boosting crypto data for institutional trading

• Talos buys Coin Metrics to integrate blockchain insights into trading stack

• $100M Coin Metrics deal makes Talos a crypto data and trading powerhouse

• Talos expands crypto services with Coin Metrics’ analytics and price feeds

• Talos strengthens institutional crypto edge with Coin Metrics acquisition

New York-based Talos has finalized its acquisition of blockchain data firm Coin Metrics in a deal exceeding $100 million. This marks Talos’ largest transaction, as it moves to integrate data services with its digital asset trading platform. The acquisition strengthens Talos’ position as a one-stop platform serving institutional crypto needs across the investment lifecycle.

Talos Expands Capabilities with On-Chain and Market Data Integration

Talos will fully incorporate Coin Metrics into its platform to enhance access to real-time and historical blockchain and market data. This integration is expected to streamline digital asset trading workflows, as Coin Metrics brings advanced analytics and price feeds. Talos aims to cover the full scope of digital asset operations, from execution to reporting.

Talos Acquires Coin Metrics to Accelerate Institutional Digital Asset Infrastructure Strategy

Institutional digital asset trading platform @talostrading has announced its acquisition of leading crypto market data and blockchain analytics firm @coinmetrics, aiming to build the… pic.twitter.com/oPZBz0v8d5

— MetaEra (@MetaEraHK) July 16, 2025

The company provides end-to-end trading services, including liquidity access, portfolio tools and risk technology. With Coin Metrics, Talos adds critical infrastructure for decision-making based on blockchain activity and pricing signals. These enhancements position the platform to serve institutions seeking unified tools for crypto strategy and compliance.

Founded in 2018 by Wall Street professionals Anton Katz and Ethan Feldman, Talos continues scaling its infrastructure amid increasing demand. The firm has connected with both centralized exchanges like Coinbase and decentralized platforms like Uniswap. Its unified platform supports trading, settlement, lending, borrowing and deeper data capabilities.

Coin Metrics Adds Strategic Depth Amid Rising Institutional Demand

Coin Metrics, based in Boston, offers blockchain analytics, indexes, and market feeds widely used by financial institutions. It previously raised $35 million in a funding round led by BNY Mellon, with support from Goldman Sachs and others. The firm’s inclusion in Talos’ operations will give clients access to broad metrics covering the digital asset ecosystem.

Discussions for the deal began four months ago, and no new capital was raised to complete the transaction. The Coin Metrics team will remain in place, continuing its focus on blockchain intelligence within the Talos environment. Together, the two firms expect to accelerate the development of tools tailored to institutional crypto adoption.

Anton Katz noted that Coin Metrics’ data offering complements Talos’ execution stack, making the combination highly synergistic. The firm believes digital assets will drive the next evolution in finance, reshaping infrastructure and product delivery.

Crypto M&A Momentum Builds With Multi-Billion-Dollar Deals

The Talos–Coin Metrics acquisition comes during a wave of high-profile crypto M&A deals in 2025. Coinbase purchased derivatives exchange Deribit for $2.9 billion, marking the year’s largest deal so far. Kraken also entered TradFi with a $1.5 billion acquisition of futures broker NinjaTrader.

These deals highlight a trend toward consolidation as firms race to scale capabilities and integrate services. Ripple, Stripe, and Robinhood have also announced acquisitions to bolster their digital asset positions. The competitive landscape now favors platforms with full-service offerings and embedded market intelligence.

Talos’ acquisition follows earlier purchases of Cloudwall and Skolem, expanding its risk and DeFi capabilities. The company was valued at $1.25 billion in 2022 after raising $105 million in Series B funding. Backers include Citibank, a16z, PayPal Ventures, and BNY Mellon.