Skew, a UK-based crypto data provider, announced on Wednesday it secured $5 million through its latest investment round, which was led by Octopus Ventures with participation from Digital Currency Group, as well as existing investors Firstminute Capital and Seedcamp. Founded in 2018, Skew claims to be the leading provider of analytics on Bitcoin and Ether derivatives.
Along with announcing the funding round, Skew announced the launch of its new trade execution service, skewTrading. According to Skew, skewTrading is a trade execution and electronic brokerage platform that connects institutional investors with liquidity providers across listed and OTC products, ranging from spot to futures and options.
“The platform leverages existing innovative clearing and settlement infrastructure to provide a truly superior experience mitigating credit risk.”
Skew further reported that with skewTrading, its ambition is to go one step further by giving our users the possibility of accessing liquidity from the exact same platform. The company added:
“We aim to position skew as the gateway to the cryptocurrency markets for professional market participants where they can access real-time analytics and liquidity networks using the same account.”
The investment round’s funds will be used to expand further our London-based engineering team and strengthen our distribution capabilities