Kyber is an Ethereum-based decentralized exchange that focuses on aggregating liquidity and facilitating instant swaps for ether and ERC-20 tokens. After an initial coin offering (ICO) in 2017, the project was launched in early 2018. Kyber uses a diverse set of liquidity pools called “reserves.” While market markers, token projects, liquidity pools and token holders provide aggregated liquidity to the reserves, so-called takers such as decentralized applications, exchanges and wallets can access and trade the assets contained in the reserves. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.