Citi-backed crypto firm Talos has announced the acquisition of Coin Metrics for over $100 million. This strategic merger combines the crypto firm’s advanced trading technology with Coin Metrics’ highly regarded blockchain data services, marking a notable advancement in crypto infrastructure aimed at institutional investors.
The deal, announced today, aims to streamline digital asset trading and portfolio management for key industry players.
Talos Acquires Coin Metrics
Talos, a firm founded in 2018 by experienced Wall Street professionals, specializes in building trading infrastructure for institutions. The company has received backing from major players, including Citi and Andreessen Horowitz, successfully raising $105 million in 2022, valuing the firm at approximately $1.25 billion.
Coin Metrics, established in 2017, is known for providing blockchain data, analytics, and indices to leading financial firms. This acquisition, valued at over $100 million, will create a robust platform that enhances the trading capabilities of institutions by integrating Talos’s trading interface with Coin Metrics’ comprehensive data offerings.
A Wave of Institutional Mergers
The Talos-Coin Metrics merger is occurring during a surge in crypto mergers and acquisitions, largely due to favorable regulations established during the Trump administration. Major deals include Robinhood’s acquisition of Bitstamp, a major crypto exchange, for $200 million. The deal, finalized on June 2, 2025, marks a significant step for the company as it delves deeper into the cryptocurrency world.
Similarly, crypto exchange Kraken announced its plans in March to acquire NinjaTrader, a leading futures trading platform, in a huge $1.5 billion deal. This huge acquisition expands Kraken’s offerings and cements its position as a major player in the global financial landscape.
Looking ahead, this acquisition positions Talos as a frontrunner in integrating on-chain data with traditional finance, a key focus as more institutions engage with the cryptocurrency space. The analytics services from Coin Metrics are expected to bolster Talos’s capabilities in tokenizing traditional assets, such as stocks, aligning with anticipated regulatory changes.
Talos is expanding rapidly by acquiring companies such as Cloudwall, Skolem, and D3X Systems. CEO Anton Katz has made it clear that the company aims to provide easy trading solutions for institutional clients. As the crypto market grows, this merger could improve how institutional investors manage and trade digital assets.
