Among the most important indicators that suggest that the crypto market is on the right path towards universal adoption and is expanding in all aspects, we find:

• Institutional uptake.
• Increase the rate of partnerships and acquisitions.

Coinbase, which operates the largest cryptocurrency exchange in the United States, and two weeks after its direct listing on Nasdaq, announced the acquisition of cryptocurrency data analytics firm Skew.

Skew is a famous cryptocurrency analysis company known for providing in-depth analysis of the crypto market, which we often refer to on the Arab Bitcoin website.

Coinbase will integrate Skew’s data on its platform so that users have a better understanding of the crypto market.

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Cryptocurrency trading Coinbase previously partnered with data analytics firm Skew in 2018.

I told Skew said on its official blog that the acquisition would help the two companies move forward with the crypto system.

The following was stated in the acquisition statement published by Skew:

By joining Coinbase, Skew will benefit from a vastly growing pool of resources that will allow us to accelerate platform development and support our product ambitions.

We very much look forward to working with the Coinbase team to combine the leading analytics platform skew with the expertise of Coinbase.

Today, we are incredibly excited to share the news that Skew will join Coinbase to continue the journey to unleash the institutional adoption of the crypto economy.

Today, we are incredibly excited to share the news that will be joining the deviation Tweet embed To continue our journey to unleash the institutional adoption of the crypto-economy!

– skew (skewdotcom) April 30, 2021

The public appearance of cryptocurrency exchange Coinbase in the US was met with a lot of fanfare, with many describing it as a defining moment in crypto history.

Read:A digital currency that violates the trend of the market and rises by 65% ​​… know it

The performance of “Coinbase” stock in the stock exchange may not be tremendous since its inception, but it shows the continuation of “Coinbase” work to reach what it has reached in providing crypto services to millions of customers in the United States of America.

Coinbase on its crypto ecosystem building spree:

The acquisition of crypto-related data analytics firm Skew comes just a day after Coinbase opened a PayPal payment option for US customers.

Which would allow users to purchase cryptocurrency on the Coinbase platform using a debit or credit card linked to PayPal, which is the news we previously mentioned in Bitcoin Arab:

Read:Withdrawing more than 50 percent of the Ethereum in Bitfinex

Coinbase Adds PayPal Payment Option for US Customers…Details Here

The Coinbase acquisition is subject to the usual closing conditions and is expected to close next month.

The acquisition by Coinbase indicates the growing influence of crypto-analytics firms, especially with increased adoption.

Last month, another prominent crypto-analytics firm, Chainalysis, saw an investment participation from the owner of TIME magazine in a recently closed $100 million funding round that also moved the company’s valuation into the billions.

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