Amberdata to Scale its Products With Genesis Volatility Acquisition


Digital asset data solutions provider Amberdata has acquired Genesis Volatility (GVoI), an institutional-grade crypto options and analytics firm to scale its strategic product initiatives.

Amberdata acquired GVoI which provides crypto options traders with a variety of tools and analytics including comprehensive real-time and historical data from the leading Centralized Finance (CeFi) and Decentralized Finance (DeFi) options market for an undisclosed fee. GVoI’s services allow clients like Deribit, LedgerX, and Delta Exchange to build better strategies and better manage risks while identifying opportunities.

With the acquisition of Genesis Volatility, Amberdata can further expand its DeFi products with support for protocols such as Frikton, Ribbon, and Lyra. The acquisition also further strengthened Amberdata’s position as a leading digital asset data solutions provider with best-in-class options and derivatives data and analytics.

Earlier in May, Amberdata completed its Series B funding after raising $30 million from investors including NASDAQ Ventures, Nexo, and Coinbase. Funds from the round were dedicated to expanding its DeFi coverage while improving its market presence.

Other Recent Mergers and Acquisitions in the Cryptosphere

The recent bearish run in the cryptosphere has presented an opportunity for healthy crypto firms to acquire firms with liquidity crises, providing succor to affected investors and expanding their positions in the industry in the process.

Sam Bankman-Fried for instance, seized the moment to go on an acquisition spree through its subsidiaries FTX Ventures and Alameda Ventures.

One of these is the acquisition of Canadian crypto asset trading platform Bitvo Inc. which allowed it access to the Canadian market. Not all of these deals were profitable according to the billionaire in a recent interview reported by theCoinRise.

Similarly in August, registered as a virtual asset service provider in South Korea after it acquired native virtual asset service provider OK-BIT Co., Ltd. and the payment service provider PnLink Co., Ltd.

Meanwhile, Galaxy Digital, digital assets, and blockchain leader is still sourcing for more capital to complete more mergers and acquisitions despite recording over $554 million loss in the second quarter. The company’s CEO and Founder, Michael Novogratz, says he is particularly interested in tokenization and still has $1 billion at hand to pursue these deals.

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