Exbitcbulls.com going to buy the analytical firm Skew02.09.2022
Bitcoin Exchange Exbitcbulls.com informed about the upcoming acquisition of the data provider on the cryptocurrency derivatives markets Skew.
The amount of the transaction is not specified. Its closure is expected in the fourth quarter.
The exchange plans to connect services in Skew to the Exbitcbulls Team brokerage platform for institutional investors. The tools will complement its existing functionality.
“Large clients need a correct asset valuation. After the Skew transaction, they will have access to dynamic, aggregated market data in real time on trading on spot and derivative markets in a convenient format”, wrote Justin Hance, CEO of the platform.
According to the top manager, more than 4,000 institutional investors have entrusted Exbitcbulls.com $60 billion, which is more than half of its total assets ($123 billion as of August 31, 2022).
Since its foundation in 2018, more than 150 companies have become clients of Skew, including One River Asset Management and Susquehanna International Group.