Skew, an information analytics platform for cryptocurrency markets, has at the moment introduced the launch of skewTrading to offer its institutional customers with entry to liquidity throughout crypto capital markets, and a $5m funding spherical.
The brand new funding spherical was led by Octopus Ventures, a London-based £1.2bln enterprise fund with deep fintech experience. Skew has raised $7mln in funding since its inception.
The funds will likely be used to broaden additional its London-based engineering crew and strengthen its distribution capabilities.
skewTrading is a brand new commerce execution and digital brokerage platform, connecting institutional traders with liquidity suppliers throughout listed and over-the-counter (OTC) merchandise, starting from spot to futures and choices.
The platform leverages current modern clearing and settlement infrastructure to offer a really superior expertise mitigating credit score threat.
skew’s CEO Emmanuel Goh feedback: “The business stays in its infancy with the “institutional second” for crypto nonetheless forward of us. We wish to place skew because the gate to the cryptocurrency markets for skilled market members the place they will entry real-time analytics and liquidity networks utilizing the identical account.”
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“We’re enthusiastic about this distinctive partnership with Kyte Broking. The mixture of our experience in cryptocurrency derivatives with their expertise working inside regulated conventional capital markets will permit skew to be a pure selection for monetary establishments seeking to enter the cryptocurrency markets.”
Zihao Xu, Octopus Ventures’ funding supervisor and skew’s new board director, feedback: “We’re delighted to be supporting Emmanuel, Tim and the remainder of the skew crew on their journey to assist open up crypto to establishments. The crew has already constructed a sterling fame off the again of skewAnalytics, and the launch of skewTrading provides an essential dimension to the corporate’s providing.
“We glance to again pioneers reimagining the way forward for cash, and skew falls squarely into that mandate.”
