Exclusive: General Atlantic and a16z-backed crypto infrastructure giant Talos acquires CoinMetrics for more than $100 million
M&A season in the crypto industry is heating up. On Wednesday, New York-based Talos, which develops digital asset trading infrastructure, announced that it had acquired the blockchain data provider Coin Metrics. The deal closed at over $100 million, according to a source familiar.
It’s the latest in a series of major acquisitions in the crypto space, which kicked off last year when the payments giant Stripe bought the stablecoin company Bridge for $1.1 billion, and has continued with other mammoth deals, including several by the leading U.S. crypto exchange Coinbase.
In an interview with Fortune, Talos cofounder and CEO Anton Katz said that the acquisition reflects Talos’ ambitions to become a one-stop shop for institutional…
