COIN Stock Up 1%, Coinbase Acquires Skew for Undisclosed Amount Apr 30 2021 · 16:17 UTC | Updated May 3 2021 · 08:17 by Steve Muchoki · 3 min read Photo: The Coinbase Blog You have successfully joined our subscriber list. Coinbase will integrate data analytics from Skew to its platform to allow traders to track spot and derivatives markets in real-time. Coinbase Global Inc (NASDAQ: COIN) stock was up over 1% on Friday to trade around $300 at the time of reporting. The spike was attributed to the announcement that the cryptocurrency exchange firm has acquired a leading data analytics and trade execution platform for institutional investors Skew. According to Coinbase through a blog post, the latest acquisition will help it to provide real-time actionable data analytics to institutions and traders. The only publicly-traded cryptocurrency exchange company has acquired to not only diversify its investment but also help it remain competitive in the global digital asset industry.