Coin Metrics
Coin Metrics is a Boston-based crypto financial intelligence provider founded in 2017, delivering institutional-grade market data, on-chain analytics, reference rates, and benchmarks across 50+ exchanges to asset managers, hedge funds, banks, and broker-dealers. Now a Talos product line, it serves clients managing over $21 trillion.
- Company typePrivate
- Founded2017
- HeadquartersBoston, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Coin Metrics does
Coin Metrics is a Boston-based crypto financial intelligence provider founded in 2017 as a Delaware corporation, serving institutional clients with market data, on-chain network data, reference rates, indexes, and risk analytics for public blockchain networks. Its product portfolio spans Market Data Feed and Market Data Pro (covering 50+ spot and derivatives exchanges), Network Data Pro and Atlas (on-chain blockchain analytics and search), CM Prices (reference rates using proprietary volume-weighted median and inverse price variance methodologies), the CMBI Bletchley Index suite, the datonomy classification taxonomy co-developed with MSCI and Goldman Sachs, Security Master reference data, and the FARUM risk analytics platform. Data is delivered via REST and WebSocket APIs with a Python SDK, supported by dual geographically-separated data centers, automatic failover, and SOC 2 Type 1 certification maintained annually since August 2021.
The company operates an API-first B2B subscription model with quote-based enterprise pricing, primarily serving asset managers, ETF issuers, hedge funds, proprietary trading firms, banks, broker-dealers, OTC desks, custodians, and downstream data vendors. Its go-to-market combines direct institutional sales with thought leadership content (State of the Network research reports) and, since its July 2025 acquisition by Talos, distribution through Talos's institutional trading and portfolio management platform serving clients across 32 countries and asset managers managing over $21 trillion. Coin Metrics had raised approximately $71.7 million across six funding rounds from institutional investors including Goldman Sachs, BNY Mellon, Fidelity Investments, Acrew Capital, Highland Capital Partners, and others prior to its acquisition.
Coin Metrics firmographics
Firmographics- Name
- Coin Metrics
- Legal name
- Coin Metrics, Inc.
- Website
- https://coinmetrics.io
- Company type
- Private
- Founded year
- 2017
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Coin Metrics is a Boston-based crypto financial intelligence provider founded in 2017, delivering institutional-grade market data, on-chain analytics, reference rates, and benchmarks across 50+ exchanges to asset managers, hedge funds, banks, and broker-dealers. Now a Talos product line, it serves clients managing over $21 trillion.
- Ownership category
- akta.pro rank
Coin Metrics industry classification
Industry- Product category
- Crypto Financial Data and Analytics
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Crypto Index Providers & Benchmark Administrators (FSADAHAB)
- akta.pro secondary industry
- Portfolio Management Systems (PMS), Rebalancing & Analytics (Crypto) (FSADAHAE)
Keywords
Where Coin Metrics is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Coin Metrics business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations
Revenue model
- Data & Analytics Subscriptions: Coin Metrics generates revenue primarily through subscription-based access to its market data, network data, reference rates, and analytics products delivered via API. Institutional clients including asset managers, hedge funds, and financial institutions subscribe to various data tiers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Community API - Free tier with limited data access |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Coin Metrics product offering
Product offeringCore offering
Coin Metrics provides institutional-grade crypto financial intelligence delivered via API, including real-time and historical market data from 50+ exchanges, block-by-block on-chain network data, proprietary reference rates (CM Reference Rates), single-asset and multi-asset indexes (CMBI), the datonomy classification taxonomy developed with MSCI, and harmonized security master reference data. Products are served through REST and WebSocket APIs (Community and Pro tiers) to asset managers, hedge funds, banks, broker-dealers, ETF issuers, and data vendors globally.
Product overview
Coin Metrics is a crypto financial intelligence platform that provides network data, market data, and risk solutions to institutional crypto investors. The company offers a portfolio of interconnected products: Market Data Feed and Market Data Pro provide historical and real-time data from over 50 exchanges; CM Prices delivers reference rate calculations using proprietary weighting methodologies; Network Data Pro and Atlas offer on-chain blockchain analytics and search capabilities; CMBI indexes provide institutional-grade benchmarks across single-asset, multi-asset, thematic, and sector indexes; datonomy supplies the MSCI-backed classification taxonomy for digital assets; and Security Master provides harmonized reference data. The platform is accessible via Pro API v4 (professional) and Community API (free tier) with Python SDK support, and has been integrated into Talos' institutional trading and portfolio management platform following acquisition.
Differentiator
Problem solved
Functional benefit
Brands
- CMBI (Coin Metrics Bletchley Indexes): A comprehensive suite of single-asset, multi-asset and unique crypto asset benchmarks used by leading crypto and traditional financial institutions.
- Market Data Feed
- Network Data Pro
- ATLAS
- FARUM
- datonomy
Products and services
- Market Data Feed Historical and real-time market data from over 50 spot and derivatives crypto exchanges, including trades, candles, quotes, orderbooks, funding rates, open interest, liquidations, and greeks. Built for institutional trading, research, and analytics teams.
- Market Data Pro Professional-grade market data feed with higher rate limits and additional derivatives data including predicted funding rates, contract prices, and implied volatility. Designed for institutional derivatives trading and quantitative research.
- Atlas On-chain blockchain search engine providing access to block-by-block network activity, transaction tracking, and blockchain explorer functionality across public crypto networks. Built for compliance, research, and on-chain analytics teams.
- Network Data Pro Comprehensive on-chain network data including asset metrics, exchange metrics, address balances, transaction counts, supply metrics, exchange and miner flows, and DeFi data with block-by-block updates. Built for institutional on-chain analytics and risk monitoring.
- CM Prices (Reference Rates) Reference rate pricing data using volume-weighted median, time-weighted average, and inverse price variance-weighted median methodologies. Available at real-time 200ms, 1-second, 1-minute, hourly, and daily frequencies, serving as institutional-grade pricing for ETF NAV calculation, benchmarking, and risk management.
- CMBI (Coin Metrics Bletchley Indexes) Comprehensive suite of crypto benchmarks including single-asset indexes (e.g., CMBI Bitcoin, CMBI Ethereum, Litecoin, Solana), multi-asset indexes (CMBI 10, CMBI Bitcoin and Ethereum), thematic indexes, total market indexes, and GFO-X institutional indexes. Used by leading crypto and traditional financial institutions for investment products and benchmarking.
- datonomy Standardized classification taxonomy for digital assets co-developed with MSCI and Goldman Sachs, categorizing crypto assets by use-case, sector, and sub-sector. MSCI conducts independent review and the Advisory Board is co-chaired by MSCI, Goldman Sachs, and Coin Metrics. Built for asset classification, index construction, and research workflows.
- Security Master Reference data service providing harmonized crypto asset data for enhanced decision-making and operational efficiency, including asset profiles, identifiers, and metadata. Built for operations, compliance, and back-office integration at institutional crypto firms.
- FARUM Risk management and analytics product for cryptoasset data and risk solutions, providing network data-driven risk metrics for institutional crypto investors.
- Community API Free API tier providing limited market and network data access with up to 10 API requests per 6 seconds per IP address, intended for non-commercial, exploratory, and developer use.
- Pro API v4 Professional-grade API with higher rate limits and full data access including all timeseries endpoints, websocket streaming for real-time market data, asset and exchange metrics, and reference rate data. Built for institutional clients requiring full data coverage.
Quantifiable outcome
- Real-time reference rate latency of approximately 60ms
- +3 more outcomes
Companies that use Coin Metrics
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles4 records
Coin Metrics technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability5 records
Feature8 records
Coin Metrics partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- BinanceminorBinance partnered with Coin Metrics (through Talos) as part of its OMS toolkit integration. The partnership enables institutions to access Binance's services through Talos/Coin Metrics infrastructure, bridging $2 billion gap between traditional finance and crypto infrastructure spending.
- Talos (as parent entity)coreTalos acquired Coin Metrics and is expanding its platform, onboarding major asset managers with a total of $21 trillion in assets. Talos has made multiple digital asset acquisitions including D3X Systems, Cloudwall, Skolem, and others to enhance its platform.
- TaloscoreTalos, a New York-based fintech provider of institutional digital assets technology and data, acquired Coin Metrics in 2025 in its largest acquisition to date. The deal integrates Coin Metrics' market data, blockchain analytics, and benchmarks into Talos's trading and portfolio management platform, creating a comprehensive digital asset trading and management solution for institutional clients. Following the acquisition, Coin Metrics operates as a product line within Talos, with its data now distributed through Talos's platform serving clients across 32 countries.
- MSCIcoreCoin Metrics co-developed the datonomy digital asset classification taxonomy with MSCI and Goldman Sachs. MSCI conducts independent review of asset classifications, and the datonomy Advisory Board is co-chaired by MSCI, Goldman Sachs, and Coin Metrics. The taxonomy provides standardized classification of crypto assets by use-case.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Coin Metrics competitors and assessment
Company assessmentDirect peers
- Chainalysis: Chainalysis provides blockchain data, analytics, and compliance tools primarily to governments, regulators, and financial institutions. While more compliance-oriented, it overlaps with Coin Metrics on institutional on-chain data and intelligence products.
- Messari: Messari is a crypto research and data platform offering market intelligence, on-chain analytics, and institutional research reports. It overlaps with Coin Metrics' State of the Network research and structured data products serving institutional investors.
- Glassnode: Glassnode is a leading blockchain analytics and on-chain intelligence provider serving institutional investors with network metrics, market indicators, and dashboards. It directly competes with Coin Metrics' Network Data Pro and on-chain analytics offerings.
- Kaiko: Kaiko is a Paris-based institutional crypto market data provider offering historical and real-time trade, order book, and reference rate data across centralized exchanges. It is the most direct head-to-head competitor to Coin Metrics' Market Data Feed and CM Reference Rates product lines.
- CryptoCompare (by CCData): CryptoCompare (now CCData) is a London-based digital asset data provider offering market data, reference rates, indices, and on-chain analytics. It is a direct competitor across nearly all of Coin Metrics' product lines, including reference rates and indices.
Emerging players
- Amberdata: Amberdata is a digital asset data and analytics provider offering market data, on-chain analytics, and DeFi monitoring for institutional clients. It is a smaller, more focused competitor in the institutional crypto intelligence space.
- The Block: The Block is a crypto research and data company providing market data, institutional research, and benchmarking services. It overlaps with Coin Metrics' institutional research and benchmark product offerings.
- Dune Analytics: Dune is a community-driven blockchain analytics platform offering customizable on-chain data queries and dashboards. While more retail- and analyst-oriented, it intersects with Coin Metrics' on-chain analytics value proposition for institutional users.
Broad incumbents
- Alchemy: Alchemy is a leading blockchain developer platform providing node infrastructure, APIs, and data tools across multiple chains. While focused on developer infrastructure rather than institutional market data, it competes in the broader crypto data intelligence ecosystem.
- Coinbase Cloud (formerly Bison Trails): Coinbase Cloud offers institutional-grade crypto infrastructure including node services, staking, and data products. Backed by Coinbase's exchange franchise, it competes with Coin Metrics in serving institutional clients needing crypto data and infrastructure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Coin Metrics social profiles
Digital presenceCoin Metrics compliance and trust
Trust signalCompliance1 record
Coin Metrics financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coin Metrics leadership team
Management profileNumber of profiles
Profiles5 records
Coin Metrics funding detail
Funding detailFunding overview
Funding rounds6 records
Investors27 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coin Metrics M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coin Metrics
What does Coin Metrics do?
Coin Metrics provides institutional-grade crypto financial intelligence delivered via API, including real-time and historical market data from 50+ exchanges, block-by-block on-chain network data, proprietary reference rates (CM Reference Rates), single-asset and multi-asset indexes (CMBI), the datonomy classification taxonomy developed with MSCI, and harmonized security master reference data. Products are served through REST and WebSocket APIs (Community and Pro tiers) to asset managers, hedge funds, banks, broker-dealers, ETF issuers, and data vendors globally.
Is Coin Metrics a public or private company?
Coin Metrics is a private company. It is classified as corporate owned and is currently acquired.
When was Coin Metrics founded?
Coin Metrics was founded in 2017. It employs 11 to 50 people.
Where is Coin Metrics based?
Coin Metrics is headquartered in Boston, United States, in the North America region.
How does Coin Metrics make money?
One revenue line is on record: data & Analytics Subscriptions.
Who are Coin Metrics's main competitors?
Direct peers on record are Chainalysis, Messari, Glassnode, Kaiko and CryptoCompare (by CCData). Emerging players are Amberdata, The Block and Dune Analytics. Broad incumbents are Alchemy and Coinbase Cloud (formerly Bison Trails).
Does Coin Metrics have an API?
Yes. Coin Metrics offers both Community and Pro API v4 endpoints. The API provides access to timeseries data including market trades, candles, quotes, orderbooks, funding rates, open interest, liquidations, greeks, predicted funding rates, contract prices, and implied volatility. Network data endpoints cover asset metrics, exchange metrics, exchange-asset metrics, pair metrics, exchange-pair metrics, and market metrics. Index data is available through constituent snapshots endpoint. The API supports REST endpoints with websocket streaming for real-time data. Documentation is available at docs.coinmetrics.io with API reference at docs.coinmetrics.io/api/v4. Developer documentation is at docs.coinmetrics.io/api/v4.
What industry is Coin Metrics in?
Coin Metrics's product category is Crypto Financial Data and Analytics. Its primary akta.pro industry code is FSADAHAB, Crypto Index Providers & Benchmark Administrators, with a secondary code of FSADAHAE, Portfolio Management Systems (PMS), Rebalancing & Analytics (Crypto). Its NAICS code is 523 and its SIC code is 6200.