Deutsche Börse is cooperating with Kaiko, a data provider for cryptocurrencies, to expand its market data offering in the crypto sector.
We are excited to announce our partnership with leading #cryptocurrency market data provider @KaikoData to extend our #marketdata offering in the #crypto sector. Our new #data offering will be available as of Q4 this year. https://t.co/rj8mdKGfjc pic.twitter.com/WMWGylK2G2
– Deutsche Börse Group (@DeutscheBoerse) June 21, 2022
Access to Crypto Market Data in real time
The French data platform will provide tick-level trading data from centralized (CEX) and decentralized crypto exchanges (DEX) for digital assets for the German securities market operator.
Deutsche Börse Group customers will be able to use the trading data from the fourth quarter of 2022 via the Deutsche Börse Market Data + Services sales network and gain access to real-time and historical prices of cryptocurrencies.
In addition, Kaiko will provide Deutsche Börse with historical L2 order book data for selected crypto exchanges based on the T+1 trading mode.
Alireza Dorfard, Head of Market Data + Services at Deutsche Börse, confirms the high demand for consolidated data from stock exchanges and Deutsche Börse’s plans to “expand its presence in the field of digital assets”:
“The crypto market is characterized by high volatility and price fluctuations. Therefore, many of our clients have a high demand for consolidated data from central and decentralized exchanges in order to develop effective crypto investment strategies. Our new offer meets this need, helps our clients to gain a deeper understanding of the cryptocurrency market and allows them to analyze certain events.”
The new crypto data feed is particularly suitable for analysts, algo traders, banks, hedge funds, asset managers, mid- and back-office professionals and vendors “who rely on high-quality and reliable information to make investment and trading decisions, manage risks, secure assets and meet the increasing regulatory requirements,” according to the Deutsche Börse press release.
Kaiko is on an expansion course
The Parisian company Kaiko collects data from more than 100 trading platforms for both the spot and derivatives markets and offers its clients market data, portfolio solutions, interest, index and DeFi market information, pricing services and research reports.
In addition to Deutsche Börse, Kaiko’s customers also include ICE Global Network, Oanda and Bloomberg.
The French are constantly expanding, and in addition to Paris, they already have three more branches – in New York, Singapore and London.
In addition, Kaiko acquired Kesitys, a provider of quantitative trading solutions, last year and purchased the Napoleon Index from CoinShares in order to gradually expand its own product range.
Large investors such as Eight Roads, Revaia, Alven, Point9, Anthemis, Underscore VC also see this growth potential and therefore provide new investment capital. For example, Kaiko was recently able to look forward to an increase of 53 million US dollars.
💥Kaiko raises $53 million in latest round of Series B funding💥
The funding will enable Kaiko to further consolidate its position as the global industry reference for centralized and decentralized digital assets data services.
Read the story, here – https://t.co/VmvYcgyDQy pic.twitter.com/AnSPtj7aBs
– Kaiko (@KaikoData) June 28, 2022
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