Kaiko becomes crypto data provider for Deutsche Börse

The German stock exchange collaborating with Kaiko, a provider of cryptocurrency data, to expand their market data offerings in the crypto sector.

Access 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 to the German securities market operator.

Deutsche Börse Group customers can use trading data from the fourth quarter of 2022 via the distribution network of Deutsche Börse Market Data + Services and access real-time and historical prices on 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 digital asset space”:

“The crypto market is characterized by high volatility and price fluctuations. Therefore, many of our clients have a great need for consolidated data from both centralized and decentralized exchanges to develop effective crypto-investment strategies. Our new offering meets that need, helping our customers gain a deeper understanding of the cryptocurrency market and enabling them to analyze specific events. “

The new crypto data feed is particularly useful for analysts, retailers, banks, hedge funds, asset managers, mid- and back-office professionals and suppliers “who rely on high-quality and reliable information to make investment and trading decisions, to manage risks, secure assets and meet the increasing regulatory requirements, ”says Deutsche Börse’s press release.

Kaiko on the road to expansion

Paris-based Kaiko collects data from more than 100 trading platforms for both spot and derivatives markets and offers its customers market data, portfolio solutions, interest rate, index and DeFi market intelligence, pricing services and research reports.

In addition to Deutsche Börse, Kaiko’s customers also include ICE Global Network, Oanda and Bloomberg.

The French are on a constant expansion course and already have three other branches besides Paris – in New York, Singapore and London.

In addition, last year Kaiko acquired Kesitys, a provider of quantitative trading solutions, and acquired the Napoleon Index from CoinShares 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 are therefore adding new investment capital. Kaiko recently received a $ 53 million increase.

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