Crypto Knowledge Supplier Skew Secures $5 Million By Newest Funding Spherical Led By Octopus Ventures; Publicizes Commerce Execution Service skewTrading
Skew, a UK-based crypto information supplier, introduced on Wednesday it secured $5 million by means of its newest funding spherical, which was led by Octopus Ventures with participation from Digital Forex Group, in addition to present traders Firstminute Capital and Seedcamp. Based in 2018, Skew claims to be the main supplier of analytics on Bitcoin and Ether derivatives.
“Our mission is to construct innovative monetary infrastructure for the digital belongings business.”
Together with asserting the funding spherical, Skew introduced the launch of its new commerce execution service, skewTrading. In keeping with Skew, skewTrading is a commerce execution and digital brokerage platform that connects institutional traders with liquidity suppliers throughout listed and OTC merchandise, starting from spot to futures and choices.
“The platform leverages present modern clearing and settlement infrastructure to offer a very superior expertise mitigating credit score threat.”
Skew additional reported that with skewTrading, its ambition is to go one step additional by giving our customers the potential for accessing liquidity from the very same platform. The corporate added:
“We goal to place skew because the gateway to the cryptocurrency markets for skilled market contributors the place they will entry real-time analytics and liquidity networks utilizing the identical account.”
The funding spherical’s funds can be used to broaden additional our London-based engineering staff and strengthen our distribution capabilities