• Latest
Kleiner Perkins Backs $2 Million Seed Round for Crypto Derivative Data Firm

Kleiner Perkins Backs $2 Million Seed Round for Crypto Derivative Data Firm

September 25, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Kleiner Perkins Backs $2 Million Seed Round for Crypto Derivative Data Firm

coinnewsdaily by coinnewsdaily
September 25, 2019
in Business
0
Kleiner Perkins Backs $2 Million Seed Round for Crypto Derivative Data Firm
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Cryptocurrency data analytics startup Skew has raised $2 million in seed funding from several venture capital firms, including Silicon Valley icon Kleiner Perkins.

Announced Wednesday, the seed round was led by London-based FirstMinute Capital, with participation from Seedcamp, Kima Ventures and QCP Capital. The company declined to disclose its valuation.

The company’s skewAnalytics service, launched concurrently with the raise announcement, provides a real-time overview of crypto derivatives markets with more than 100 charts on crypto futures and options. A company of 10 employees, many from traditional finance, London-based Skew is building out features for institutional clients to visualize historical data as well as create dashboards and is hiring in engineering and eventually in distribution. 

“Where we want to focus is on corporates and institutions that need this data to run their business,” Skew CEO and co-founder Emmanuel Goh told CoinDesk. “We have had heard concerns from interested traders and firms, and they would be able to generate backtest strategies from this data.”

Goh and his co-founder Tim Noat worked as traders of flow derivatives and exotic options at JPMorgan Chase and Citi, respectively, before starting the company. 

The firm’s analytics tools resemble the institutional-grade tools one would find for established products such as foreign exchange and equity, Monica Desai, an investing partner at Kleiner Perkins, told CoinDesk by email.

“As a former trader I’ve found many of their tools (some forthcoming) to feel the most trading floor-native or Bloomberg-esque and am excited to see how they evolve the product as the crypto derivatives space grows exponentially in the next year,” said Desai, who used to manage bond portfolios at JPMorgan.

Derivatives’ day

Crypto derivatives took off in 2018 after the brutal market correction of 2017 and are showing a resurgence driven by institutional adoption, Goh said.

Swaps are being traded in the billions every day on offshore venues, and regulated entities are ramping up offerings. For example, CME plans to launch bitcoin options in Q1 2019 and Intercontinental Exchange’s bitcoin futures platform Bakkt debuted Monday (though it didn’t do much volume).

“Bakkt is the first time large institutions can build physical coins,” Goh said, referring to the fact that the futures contracts are settled in real bitcoin rather than cash. “It’s going to be a moment of proof for the industry.”

While crypto derivatives markets are fragmented, Skew has contracted a number of licensing agreements with crypto exchanges.

According to Skew’s data, aggregated bitcoin options have grown more than sixfold from last year’s fourth quarter to $34.8 million this quarter.  

Image of Monica Desai via CoinDesk archives

Credit: Source link

Tags: analytics toolsBusinessCitico-founderCryptoCrypto BusinessJPMorgan ChaseTim Noat
Share76Tweet48
Previous Post

Barclays Hackathon to Attack Data ‘Silos’ With Blockchain

Next Post

XRP is oversold according to MACD and MFI Latest Ripple (XRP) News & Price Analysis

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
Whales Move XRP Worth Over $4 Million to Unknown Wallet

XRP is oversold according to MACD and MFI Latest Ripple (XRP) News & Price Analysis

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,266.001.59%
  • ethereumEthereum(ETH)$1,681.022.80%
  • tetherTether(USDT)$1.00-0.05%
  • binancecoinBNB(BNB)$332.071.39%
  • rippleXRP(XRP)$0.4007821.52%
  • cardanoCardano(ADA)$0.3985242.87%
  • dogecoinDogecoin(DOGE)$0.0925091.61%
  • matic-networkPolygon(MATIC)$1.284.51%
  • okbOKB(OKB)$45.743.65%
  • solanaSolana(SOL)$23.903.38%
  • shiba-inuShiba Inu(SHIB)$0.0000141.40%
  • polkadotPolkadot(DOT)$6.945.01%
  • litecoinLitecoin(LTC)$101.612.19%
  • tronTRON(TRX)$0.0660733.16%
  • daiDai(DAI)$1.00-0.02%
  • cosmosCosmos Hub(ATOM)$15.044.83%
  • chainlinkChainlink(LINK)$7.203.71%
  • ethereum-classicEthereum Classic(ETC)$23.112.99%
  • leo-tokenLEO Token(LEO)$3.370.36%
  • moneroMonero(XMR)$168.021.08%
  • bitcoin-cashBitcoin Cash(BCH)$135.612.12%
  • stellarStellar(XLM)$0.0919852.30%
  • filecoinFilecoin(FIL)$5.556.36%
  • crypto-com-chainCronos(CRO)$0.0837623.97%
  • algorandAlgorand(ALGO)$0.2811058.66%
  • vechainVeChain(VET)$0.0264129.94%
  • internet-computerInternet Computer(ICP)$5.865.85%
  • aaveAave(AAVE)$88.662.83%
  • eosEOS(EOS)$1.124.08%
  • elrond-erd-2MultiversX(EGLD)$47.794.57%
  • theta-tokenTheta Network(THETA)$1.198.87%
  • tezosTezos(XTZ)$1.236.50%
  • huobi-tokenHuobi(HT)$5.693.18%
  • paxos-standardPax Dollar(USDP)$0.99-0.20%
  • havvenSynthetix Network(SNX)$2.903.38%
  • bitcoin-cash-svBitcoin SV(BSV)$43.582.29%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.581.66%
  • dashDash(DASH)$66.163.66%
  • makerMaker(MKR)$810.6214.51%
  • iotaIOTA(MIOTA)$0.2520624.68%
  • neoNEO(NEO)$9.194.18%
  • zcashZcash(ZEC)$46.575.47%
  • zilliqaZilliqa(ZIL)$0.0310345.76%
  • basic-attention-tokenBasic Attention(BAT)$0.31311212.55%
  • compound-governance-tokenCompound(COMP)$57.858.33%
  • nemNEM(XEM)$0.0431634.76%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.114.42%
  • qtumQtum(QTUM)$2.984.50%
  • bitcoin-goldBitcoin Gold(BTG)$17.743.45%
  • sushiSushi(SUSHI)$1.545.29%
  • wavesWaves(WAVES)$2.824.38%
  • golemGolem(GLM)$0.2660105.93%
  • yearn-financeyearn.finance(YFI)$7,862.053.47%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • omisegoOMG Network(OMG)$1.692.41%
  • ontologyOntology(ONT)$0.2434625.10%
  • digibyteDigiByte(DGB)$0.0115028.33%
  • umaUMA(UMA)$2.194.02%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%