Market data provider Kaiko has announced a partnership with Deutsche Börse Group that will see Kaiko provide trade data to the operator of the Frankfurt Stock Exchange.
Kaiko provides cryptocurrency market data from over 100 centralised and decentralised crypto exchanges, for both spot and derivatives trades. The new partnership between Kaiko and Deutsche Börse will enable the operator to provide crypto market data to its institutional clients.
The CEO of Kaiko, Ambre Soubiran, noted:
“Kaiko is thrilled to partner with Deutsche Börse Group for the redistribution of high quality and auditable digital assets market data. Established institutions like DBG are essential in making cryptocurrency market data accessible to financial institutions. We are looking forward to reinforcing this partnership further in the future, as demand in data for this new asset class grows.”
Alireza Dorfard, Head of Market Data + Services at Deutsche Börse further noted:
“The crypto market faces high volatility and price fluctuations. Therefore, many of our clients have a high demand for consolidated data from centralised as well as decentralised exchanges to develop useful crypto investment strategies. Our new offering fulfils this need, helps our clients gain a deeper understanding of the cryptocurrency market and allows them to analyse specific events. With Kaiko and its extensive catalogue of data types, we have found the right partner for this purpose.”
Kaiko recently closed an agreement to purchase Napoleon Index from CoinShares, and revealed plans to launch a number of indices in the coming months, the latest announcement will allow Deutsche Börse to launch a consolidated crypto data feed provided by Kaiko.
Alireza Dorfard, Head of Market Data at Deutsche Börse noted how “the crypto market faces high volatility and price fluctuations," and how “many of our clients have a high demand for consolidated data from centralized as well as decentralized exchanges to develop useful crypto investment strategies."
The integration is expected to be completed by Q4 of this year.
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