skew
Crypto derivatives data analytics platform
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About skew
Skew is a professional data analytics platform for cryptocurrency markets. Its core business focuses on providing real-time data, charts, and insights for crypto derivatives (such as futures, options, and perpetual swaps) and institutional market participants. The platform tracks metrics like open interest, funding rates, options skew, and liquidation data, helping traders and institutions understand market structure and sentiment.
The main pain point Skew addresses is the lack of transparent, institutional-grade data in the crypto derivatives space. Retail and professional traders often struggle to access reliable, consolidated information across exchanges. Skew solves this by aggregating and visualizing complex derivative data into an intuitive interface, enabling users to spot trends, assess risk, and make informed decisions.
In the past six months (March to September 2026), Skew has been actively involved in the Hyperliquid ecosystem. Notably, in June 2026, Hyperion DeFi (a Nasdaq-listed crypto treasury company) announced it would lend 500,000 staked HYPE tokens to Skew Technologies as collateral for launching new institutional perpetual futures markets on Hyperliquid. This partnership highlights Skew's expansion into market-making and institutional services beyond pure data analytics. Skew, founded by institutional trading veterans, plans to first offer perpetual futures to professional clients and later develop outcome-based HIP-4 markets. The collaboration reflects a growing trend of crypto treasury companies monetizing idle tokens.
However, Skew has faced challenges. The broader crypto market experienced significant drawdowns in mid-2026, with Bitcoin falling below $65,000 in June and $78,000 in May, driven by macro uncertainty and ETF outflows. Skew's data showed persistent negative spot CVD and declining volumes, indicating weak market participation. Additionally, Hyperliquid's platform remains unavailable in the US, and regulatory pressure from CFTC is increasing, which could limit Skew's market reach. There is also uncertainty about whether Skew's new markets will gain traction and whether other treasury companies will follow Hyperion's lead.
As a crypto data platform, Skew has made significant strides in the past six months. In 2026, Skew secured 5 million HYPE tokens (approx. $33.6 million) from Hyperion DeFi to build institutional-grade futures markets on Hyperliquid. Hyperion lent staked HYPE as collateral via its HAUS protocol, while Skew manages market listings; Hyperion received equity and revenue share.
Led by a team with deep institutional trading experience, Skew's roadmap prioritizes launching perpetual futures for institutional clients, then expanding into HIP-4 outcome-based markets. Founder David Gil noted Hyperion's support provides essential infrastructure and synergies to introduce new market categories to Hyperliquid. Its ethos: "Where ideas become capital" and "Markets in your favor."
This model mirrors traditional finance capital/collateral structures, separating capital provision from market operations, reflecting a growing trend of treasury companies monetizing idle tokens.
Emmanuel Goh: Co-founder and CEO of Skew. Singaporean, studied quantitative economics and management at HEC Paris, previously traded equity derivatives at JPMorgan Chase. Co-founded Skew in London in 2018 with Tim Noat. After Coinbase acquired Skew in 2021, he joined Coinbase as Group Product Manager.
Tim Noat: Co-founder of Skew. Former derivatives trader at Citi, specializing in flow derivatives and exotic options. Co-founded Skew with Emmanuel Goh.