Kaiko, a crypto market data provider, announced a partnership with Deutsche Börse Group.
🚀Kaiko can now reveal the new partnership with @DeutscheBoerse, providing tick-level trade data from all covered centralised and decentralised cryptocurrency exchanges, as well as D+1 spot order book tick-level data. #cryptocurrency
👇Read more, here👇https://t.co/m66Ex3U8oL
— Kaiko (@KaikoData) June 21, 2022
As part of the collaboration, Kaiko will provide the securities market operator with data on price movements for trades across all covered centralized and decentralized crypto exchanges.
In the first phase, which will be implemented by the fourth quarter, Deutsche Börse clients will gain access to real-time price streams of cryptocurrencies and historical data. The distributor will be the Deutsche Börse Market Data + Services service.
In the second phase Kaiko will provide historical order book data for selected crypto exchanges based on the T+1 trading regime.
“Customers and market participants of DBG, such as asset managers, banks, high-frequency traders, custodians and market makers, will gain additional access to Kaiko’s market data to support their activities,” the statement said.
Kaiko noted that the data stream provided by the company is perfectly suited for scenarios such as strategy testing, trading, portfolio evaluation, post-trade, compliance or risk management.
“The cryptocurrency market is facing high volatility. Therefore, many of our clients need consolidated data from centralized and decentralized exchanges to develop useful investment strategies in digital assets. Our new offering meets this need,” said Ali Reza Dorfard, head of Market Data + Services.
He added that the analytics company had become “a suitable partner for this purpose”.
In the Xetra listing within Deutsche Börse’s structure, cryptocurrency exchange-traded products from Fidelity International, VanEck, CoinShares, Grayscale Investments, ETC Group, Invesco, 21Shares and other providers are listed.
In June 2021, Kaiko raised $24 million in a Series A funding round.
Read ForkLog’s Bitcoin news on our Telegram — cryptocurrency news, prices and analysis.