Kaiko to Provide Deutsche Boerse With Crypto Market Data
The integration is expected to be completed by the fourth quarter.
Jun 21, 2022 at 9:55 a.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/TFJQDXF3RBC6DEGX54ZP4HSY4Q.jpg)
Frankfurt, Germany (Sean Pavone/Shutterstock)
Jamie Crawley is a CoinDesk news reporter based in London.
French firm Kaiko will provide German stock exchange Deutsche Boerse with crypto market data.
- The integration is expected to be completed by the fourth quarter, Deutsche Boerse announced Tuesday.
- Kaiko offers data from more than 100 centralized and decentralized exchanges, covering the majority of blockchain protocols such as Ethereum and Avalanche.
- Deutsche Boerse owns the Frankfurt Stock Exchange, which is the third-largest exchange in Europe behind Euronext and the London Stock Exchange, and lists many of the biggest financial services companies in Germany such as Deutsche Bank and insurer Allianz.
- It first moved in crypto a year ago when it acquired a two-thirds stake in Crypto Finance AG, allowing it to offer custody and other crypto-related services to institutional and professional clients.
- “The crypto market faces high volatility and price fluctuations," Alireza Dorfard, head of market data at Deutsche Boerse, said in a statement. "Therefore, 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 agreement with Kaiko should further Deutsche Börse's advances into the cryptocurrency industry, providing its clients with the visibility of the crypto markets that they would expect in mainstream finance.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/www.coindesk.com/resizer/Wsw21Z13uYNeMwlEy09fcHX_LHw=/arc-photo-coindesk/arc2-prod/public/Z2G3HHMTVJGWRAQIH4UHCT3FEY.jpg)
Jamie Crawley is a CoinDesk news reporter based in London.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
Jamie Crawley is a CoinDesk news reporter based in London.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/EJRBZU6XZ5GAZCOGKM7EVVCFX4.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/HWIQRCPMQRF6BLLQPPHZZ7JIVQ.png)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/2ACUZMITE5AVHBOB6H4T2LSZXQ.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PJTR3KRDWJCRVE3QREM6KUOK7A.png)