Cryptocurrency market data provider Kaiko announces 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 Markets Operator with price action data for transactions across all covered centralized and decentralized digital asset exchanges.
In the first phase, which will be implemented by the fourth quarter, Deutsche Börse customers will have access to real-time cryptocurrency price feeds and historical data. The distributor will be Deutsche Börse Market Data + Services.
In the second step, Kaiko will provide historical order book data for selected crypto exchanges based on the T+1 trading mode.
«DBG clients and market participants such as how asset managers, banks, high-frequency traders, custodians and market makers will have additional access to Kaiko market data to underpin their activities», the statement said.
Kaiko noted that the information flow provided by the company is ideal for scenarios such as strategy testing, trading, portfolio evaluation, post-trading, 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 strategies for investing in digital assets. Our new offering addresses this need,” said Alireza Dorfard, head of Market Data + Services.
He added that the analytics company was “the right partner for this purpose”» .
Deutsche Börse's Xetra electronic trading platform lists cryptocurrency exchange products from Fidelity International, VanEck, CoinShares, Grayscale Investments, ETC Group, Invesco, 21Shares and other providers.
Recall that in June 2021, Kaiko raised $24 million during the Series A funding round.
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