Talos Makes $100M+ Power Move: Acquires Coin Metrics to Dominate Crypto Data Wars

Wall Street's crypto trading behemoth just loaded up on blockchain intelligence—and the market didn't see it coming.

The Data Arms Race Heats Up

Talos—the institutional trading platform that powers giants like Citadel and Fidelity—just snapped up Coin Metrics in a nine-figure deal. Because why analyze markets yourself when you can buy the company that writes the playbook?

Why This Changes Everything

The acquisition gives Talos real-time network analytics, valuation models, and risk metrics for 500+ assets. Translation: hedge funds will now front-run your trades using infrastructure you'll never afford.

The Punchline

Another 'decentralized' ecosystem just got centralized by suits with deeper pockets. The revolution will be institutionalized—at $100M a pop.

TLDR

• Talos acquired Coin Metrics for over $100 million in the largest deal in Talos’s history
• The deal combines Talos’s trading infrastructure with Coin Metrics’ blockchain analytics and market data
• This creates what the companies call the first fully integrated data and investment management platform for digital assets
• Talos has been actively expanding through acquisitions including D3X Systems, Cloudwall, and Skolem
• The acquisition reflects growing consolidation in the digital asset infrastructure space

Talos, a digital asset trading technology firm, has acquired blockchain analytics platform Coin Metrics for more than $100 million. The deal represents the largest acquisition in Talos’s history and creates what the companies describe as the industry’s first fully integrated data and investment management platform for digital assets.

Big announcement: Talos has agreed to acquire Coin Metrics (@coinmetrics), the leader in crypto market data and blockchain analytics.

This strategic combination will create the first fully integrated institutional platform that unifies best-in-class execution and portfolio… pic.twitter.com/2WomyfccsZ

— Talos (@talostrading) July 16, 2025

The acquisition brings together Talos’s execution and portfolio management infrastructure with Coin Metrics’ blockchain analytics, market data, and index products. This combination aims to serve institutional clients seeking comprehensive digital asset services from a single provider.

Growing Through Strategic Acquisitions

Talos has been actively expanding its capabilities through mergers and acquisitions. In 2023, the company acquired D3X Systems, a portfolio construction platform. The following year, it bought risk management company Cloudwall in April and institutional DeFi platform Skolem in May.

The financial terms for these previous deals were not disclosed. However, the Coin Metrics acquisition marks a major step in Talos’s growth strategy.

Anton Katz, CEO and co-founder of Talos, explained the rationale behind the deal. “Institutions increasingly look to us to support the entire digital asset investment lifecycle,” he said. The combined platform will offer services from trading and portfolio management to market data and on-chain analytics.

Tim Rice, co-founder and CEO of Coin Metrics, said the future of digital assets requires strong infrastructure. He emphasized the need for platforms capable of supporting institutional-scale trading, investment and risk management.

Serving Institutional Demand

The acquisition comes as traditional finance players continue entering the crypto space. Both Talos and Coin Metrics share a strong institutional client base, and the integration is expected to streamline data-driven workflows.

The combined platform will offer advanced portfolio analytics and risk assessment capabilities. It will also provide execution and performance benchmarking tools for institutional investors.

Talos operates in 32 countries with offices in New York, London, Cyprus, and Singapore. The company has raised over $145 million in funding from investors including Andreessen Horowitz, Stripes, BNY Mellon, PayPal, Citi and Wells Fargo Strategic Capital.

The company’s 2022 funding round led by Stripes valued Talos at $1.3 billion. Katz told Fortune that with the new crypto-friendly administration in the US, more major institutions will MOVE into crypto.