Coin Metrics
Boston, US · Founded 2018 · Delaware corporation · 219 employees on LinkedIn · 12 known investors
Coin Metrics provides market and on-chain data, reference rates, and indexes for crypto and digital assets, delivered to institutional investment teams via APIs. Its offerings support research, execution, risk management, and operations across the digital asset investment lifecycle.
Also known as Coin Metrics Inc.
Founders & leadership
Coin Metrics was founded in 2018 by Timothy Rice and Tim Rice.
Board
Investors · 12
Also in the syndicate · 3
Reported raises · per SEC filings
Form D private placements$64.2M disclosed across 5 of 6 rounds · 2018–2023
▶$6.7MraisedOct 2023 · 4 investors · Other TechnologyRule 506(b)
- Matt WalshDirector
- Katey NeateDirector
- Timothy RiceExecutive Officer, Director
- Bob DavisDirector
- Mathew S. McDermottDirector
- Nic CarterDirector
- Offering amount
- $6.7M
- Amount sold
- $6.7M
- First sale
- Oct 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$35MraisedApr 2022 · 15 investors · Other TechnologyRule 506(b)
- Bob DavisDirector
- Mathew S. McDermottDirector
- Nic CarterDirector
- Matt WalshDirector
- Timothy RiceExecutive Officer, Director
- Offering amount
- $35M
- Amount sold
- $35M
- First sale
- Mar 2022
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$15MraisedMay 2021 · 17 investors · Other TechnologyRule 506(b)
- Mathew S. McDermottDirector
- Sean JudgeDirector
- Matt Scott WalshDirector
- Timothy RiceExecutive Officer, Director
- Nic CarterExecutive Officer, Director
- Bob DavisDirector
- Offering amount
- $15M
- Amount sold
- $15M
- First sale
- Apr 2021
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$6MraisedNov 2019 · 13 investors · Other TechnologyRule 506(b)
- Matt WalshDirector
- Nic CarterDirector
- Bob DavisDirector
- Tim RiceExecutive Officer, Director
- Offering amount
- $6M
- Amount sold
- $6M
- First sale
- Nov 2019
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$1.5MraisedNov 2018 · 5 investors · Other TechnologyRule 506(b)
- Nic CarterExecutive Officer, Director
- Offering amount
- $1.9M
- Amount sold
- $1.5M
- First sale
- Oct 2018
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Coin Metrics (legal name Coin Metrics Inc.) is a digital asset data and intelligence provider headquartered in Boston, Massachusetts. It describes itself as a provider of crypto financial intelligence, offering network (on-chain) data, market data, indexes and network risk solutions to institutions that touch cryptoassets. The company states it began in 2017 as an open-source project intended to determine the economic significance of public blockchains, and subsequently broadened that purpose into a commercial data business.
The product line spans market data (Market Data Feed, Market Data Pro), on-chain data (Network Data Pro and Atlas, a blockchain search engine), asset prices and reference rates, index solutions, datonomy — a classification system for digital assets — and Security Master, a harmonized crypto asset reference dataset. Data is delivered through APIs, with supporting tooling including Coin Metrics Studio for charts and dashboards, a coverage browser, product and API documentation, status pages and community and pro support channels.
As presented on coinmetrics.io today, Coin Metrics products are marketed under the Talos brand: the site is titled "Digital Asset Data & Intelligence for Institutions | Talos" and states that Talos delivers Coin Metrics market and on-chain data, reference rates and indexes via APIs. Site navigation covers Talos solutions, clients, careers and a provider network, and recent posts describe Talos trading-infrastructure developments alongside Coin Metrics research output.
Founding story
Company materials state Coin Metrics began in 2017 as an open-source project created to determine the economic significance of public blockchains, later expanding into a commercial provider of crypto data and intelligence for institutions. Tim Rice is described as co-founder and CEO, and Nic Carter as co-founder and chairman.
Business model
B2B. Coin Metrics sells data products and API access to institutional clients, with tiered offerings (for example community versus "Pro" products and support tiers) and a sales/account-management motion built around demos, evaluations and usage expansion.
Sources indicate paid access to data products and APIs — API keys gate access to "CM Pro" coverage and datasets, with community-level access alongside Pro tiers — but no pricing or revenue figures are disclosed in the material available.
Traction
Coin Metrics states its data is used by large financial institutions and crypto businesses, and displays a "Trusted by" client section. Third-party sources list roughly 93 employees (Built In Boston) or a 101-150 range (YourStory). Disclosed venture financing includes a $15M Series B in 2021, a $35M Series C in 2022 and a $6.7M raise disclosed in an October 2023 SEC filing. On the current site, Talos reports crossing $1 trillion in notional trading volume through its platform (August 2026), a platform-level figure rather than a Coin Metrics data metric.
Latest developments
The coinmetrics.io site in August 2026 publishes Coin Metrics research (State of the Network issues #374-#378 covering topics such as USDC/USDT transfer volume, Aave utilization and Hyperliquid) alongside Talos announcements: crossing $1 trillion in notional trading volume through the platform, Q2 2026 product highlights (sniper algo, pre-trade analytics, basket RFQ, OTC loan booking, on-chain connectivity), liquidity integrations with STS Digital and Gravity Team, a QCP case study, and the launch of the Talos Exchange Scorecard. Product documentation was last updated approximately six months before retrieval.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Positioned as an institutional-grade, methodology-transparent crypto data provider; its own 2022 press release claimed market leadership in the institutional segment, citing a suite spanning on-chain data, a universal block explorer, market data and metrics, indexes and network risk management, and stated values of being open, pioneering, elucidating and neutral. Its investor base includes financial-market incumbents such as BNY Mellon, Goldman Sachs, Fidelity Investments and Cboe Global Markets.
Company materials emphasize breadth across on-chain, market, pricing, index and reference-data domains under one API surface; published methodologies and coverage transparency; an independent stance on index and price construction; open/free community research such as State of the Network; and institutional controls evidenced by SOC 2 Type 1 accreditation from Deloitte.
Technology
APIs delivering market and on-chain data, described as condensing petabytes of underlying data into streamlined metrics. Components include the Atlas blockchain search engine, Network Data Pro metrics, protocol and DeFi metrics, tagging metadata and a transaction tracker, Coin Metrics Prices and reference rates, index methodologies and fact sheets, the datonomy classification taxonomy, Security Master reference data, and Studio charting/dashboard tools. Documentation covers methodologies, packages, tutorials and a coverage tool for datasets, metrics and markets.
Go-to-market
Direct enterprise sales supported by demo requests, sales and account management, and solutions engineering for integration. The company also runs a content and research program — the free "State of the Network" newsletter, special insight reports, commentary and case studies — and publishes extensive public documentation, tutorials and community resources to seed adoption.
Institutional participants in digital asset markets: banks, asset managers, ETF issuers, brokerages, trading firms and crypto businesses, plus developers, analysts and researchers using the data for research, execution, risk management and operations.
Geography
Headquartered in Boston, Massachusetts, United States, with a hybrid work model. The 2022 Series C was intended in part to fund expansion into international markets and global customer success and growth efforts.
History
Founded (per company materials) in 2017 as an open-source project. It completed a $15 million Series B in 2021, after which it received SOC 2 Type 1 accreditation from Deloitte, and announced a $35 million Series C in April 2022 led by Acrew Capital and BNY Mellon. In October 2023 an SEC filing, confirmed by the company, disclosed a further $6.7 million from a new undisclosed investor. By 2026 the coinmetrics.io site presents Coin Metrics data products as delivered by Talos, combining Coin Metrics data with Talos trading infrastructure, provider network and execution services.
Risks & controversies
No controversies are reported in the available sources. Sources conflict on basic facts — the company's own materials and press give a 2017 founding date while internal records say 2018 — and employee-count and total-funding figures differ across third-party aggregators. The October 2023 raise was disclosed via a regulatory filing with the investor undisclosed, limiting verification.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 8
by search overlap
Companies competing with Coin Metrics for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 3
launches, deals, and filingsAn SEC filing dated Wednesday, October 18, 2023 disclosed $6,734,007 raised through the sale of equity plus options, warrants and other rights to acquire another security; the first sale date was listed as October 5. A company spokesperson confirmed the capital came from a new, undisclosed investor.
$6.7M source ↗
Coin Metrics announced a $35 million Series C financing led by Acrew Capital and BNY Mellon, with continued participation from Goldman Sachs, Fidelity Investments, Highland Capital Partners, Avon Ventures and Morningside Technology Ventures, and new investors Cboe Global Markets, JAM FINTOP Blockchain, Mubadala Investment Company and Brevan Howard Digital. Proceeds were earmarked for product innovation and international expansion.
$35M source ↗
Following completion of its $15 million Series B in 2021, Coin Metrics received SOC 2 Type 1 accreditation from Deloitte, as stated in the company's Series C announcement.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structure▸Research sources · 8
primary sources listed
- Coin Metricscoinmetrics.io · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Coin Metrics do?
- Coin Metrics supplies institutional crypto market and on-chain data, prices, reference rates and indexes via API.
- Who founded Coin Metrics?
- Coin Metrics was founded by Timothy Rice, Tim Rice in 2018.
- Who are Coin Metrics's investors?
- Coin Metrics's investors include Acrew Capital, Coinbase Ventures, Collab+Currency, Communitas Capital Partners, Digital Currency Group, Dragonfly, F-Prime Capital, Metastable and 1 more.
- How much funding has Coin Metrics raised?
- Coin Metrics has disclosed $64.2M raised across 5 of its 6 known rounds.
- Where is Coin Metrics headquartered?
- Coin Metrics is headquartered in Boston, US.