Market Data

CM Market Data Feed

Power your trading and research with harmonized, institutional-grade market data.

Product Overview

Market data from 55+ leading spot and derivatives, centralized and decentralized exchanges in one unified feed.

Differentiators
Versatile data delivery

Adaptable and flexible data distribution options.

Expansive coverage

Comprehensive data across a wide array of markets.

Resilient infrastructure

Robust and secure infrastructure.

Intuitive API & docs

Data access with standardized and user-friendly tools.

Strong research foundation

Expert insights and unbiased analysis.

Deep crypto expertise

Leading authority in crypto research and market analysis.

Use Cases
Portfolio construction

Use historical datasets to design, train and backtest trading models.

Trading execution

Use our real-time datasets to monitor best bids and offers across trading venues and to serve as an input into a smart order router or an execution algorithm.

Market analysis

Research questions about price discovery, lead-lag analysis, liquidity, fake volume and other trading activity dynamics.

Portfolio management

Monitor real-time market conditions to dynamically adjust asset allocation.

Investment product construction

Develop standalone indexes for financial product construction.

Valuation

Use our fundamental data types such as trades and order books to calculate accurate pricing for portfolio valuation, accounting and tax purposes.

What's inside

Data designed for institutional intelligence

Trades
Quotes
Orderbooks
Candles
Contract specifications
Open interest
Futures liquidations
Funding rates
Greeks
Resources
Market Data Coverage

Explore supported exchange coverage.

Market Data Documentation

Learn how to access and use market data.

Talos Research

Explore in-depth crypto market research and analysis.

API Documentation

Integrate Coin Metrics data via REST and WebSocket APIs.

CM Trading View Charts

Visualise live market analytics and reference rates.

Coin Metrics Products
Market Data

Simplify petabytes of data into performant and streamlined metrics.

On-Chain Data

Unlock superior search capabilities with the most reliable blockchain search engine.

Prices

Harness transparent pricing for clear decision-making.

Indexes

Unlock the power of independent, trusted index solutions for crypto markets.

datonomyTM

Classification system for Digital Assets.

Security Master

Enhance decision-making and operational efficiency with consistent, harmonized crypto asset data.

Latest Insights & Research

June 16, 2026
Research
Hyperliquid: Perps, Outcome Markets and USDC Yield
5 minute read
June 11, 2026
News
Talos Named Best EMS Provider at the Hedgeweek Global Digital Asset Awards
Talos Named Best EMS Provider at the Hedgeweek Global Digital Asset Awards

The annual Hedgeweek Awards recognize excellence among fund managers and service providers.

1 minute read
June 10, 2026
RESEARCH
Movers and Shakers June 2026
Movers and Shakers June 2026

Digital assets approaching broader market accessibility

3 minute read
June 9, 2026
Research
Hyperliquid: Pre-IPO Price Discovery on Crypto Rails
6 minute read
June 5, 2026
NEWS
Talos Named Best Trading Infrastructure and Best Market Intelligence & Data Platform
Talos Named Best Trading Infrastructure and Best Market Intelligence & Data Platform

The BeInCrypto Institutional 100 Awards were held during Proof of Talk in Paris.

2 minute read
June 3, 2026
MEDIA
Institutional Crypto Lending: A Field Report from Blockstories
Institutional Crypto Lending: A Field Report from Blockstories

An interview-led field report from Blockstories on institutional adoption, barriers, and market structure in crypto-backed lending

2 minute read
June 3, 2026
ANALYSIS
Backtesting Risk Measures for Digital Assets
Backtesting Risk Measures for Digital Assets

Hourly updates demand continuous validation. Talos presents a practical framework for verifying that VaR, CVaR and their upside counterparts remain reliable as market conditions evolve.

1 minute read
June 2, 2026
COMMENTARY
Regulatory Roundup #19
Regulatory Roundup #19

Your dose of regulatory moves, missteps and melodrama, ensuring you’re always informed (and occasionally amused) by what global watchdogs are up to.

5 minute read
June 1, 2026
Research
Analyst Spotlight: Morpho
Analyst Spotlight: Morpho

Morpho facilitates around $4 billion in active loans. Using the ERC-4626 Vault standard, Morpho (MORPHO) is a decentralized lending protocol where investors deposit assets into curator-generated Vaults that are allocated across lending markets. In this report, we break down how Morpho connects Vault strategies with individual investors, Vault performance, and Vault customization by curators. We highlight the governance-resistant lending market interest rate mechanism and how the MORPHO token impacts protocol incentives.

3 minute read
May 28, 2026
ANALYSIS
Hourly Market Invariants for Price Simulations in Digital-Asset Markets
Hourly Market Invariants for Price Simulations in Digital-Asset Markets

Generating reliable daily risk scenarios for digital assets is complicated by the fact that there is no market close. Talos presents an empirically validated approach to building daily-horizon price scenarios from 24/7 hourly data.

1 minute read
May 27, 2026
MEDIA
The Infrastructure Behind the Institutional Adoption of Digital Assets
The Infrastructure Behind the Institutional Adoption of Digital Assets

Dutch TV Broadcast - Talos Head of EMEA Sales Frank van Zegveld on "Ondernemerslounge"

1 minute read
May 27, 2026
ANALYSIS
Execution Cost Savings by the Numbers: The Talos Quant Execution Insights Report 2026
Execution Cost Savings by the Numbers: The Talos Quant Execution Insights Report 2026

Slippage is the hidden tax of trading, and in institutional crypto, it is one of the biggest determinants of whether a strategy’s expected alpha actually survives execution. In our 2026 Quant Execution Insights Report, my colleagues Sirui Zhang, Kaan Giray and I analyze the full lifecycle of more than 250,000 parent orders across 600+ assets traded on Talos during 2025, comparing what our algorithms actually achieved against two benchmarks: arrival price and a size-feasible naive sweep. The results show where pre-trade calibration, smart liquidity sourcing and the execution alphas we’ve written about previously translate directly into basis points saved.

3 minutes
May 26, 2026
Research
Inside the Microstructure of Aave Lending Markets
4 minute read
May 26, 2026
NEWS
Talos Integrates with Hyperliquid to Expand Institutional Access to On-Chain Liquidity
Talos Integrates with Hyperliquid to Expand Institutional Access to On-Chain Liquidity

The integration will allow eligible clients to access Hyperliquid's spot and perpetual futures markets, including HIP-3 builder-deployed perpetuals, directly within the Talos platform.

2 minute read
May 22, 2026
ANALYSIS
Finite-Sample Distortion Measures: Unified Risk and Gain via Scenario Weights
Finite-Sample Distortion Measures: Unified Risk and Gain via Scenario Weights

Measuring tail risk in digital assets requires frameworks built for how risk is actually computed: on finite scenario sets. Talos presents a unified approach to quantifying both downside risk and upside potential within a single, implementation-ready framework.

1 minute read
May 20, 2026
COMMENTARY
Regulatory Roundup #18
Regulatory Roundup #18

Your dose of regulatory moves, missteps and melodrama, ensuring you’re always informed (and occasionally amused) by what global watchdogs are up to.

9 minute read