Deutsche Börse Partners With Kaiko to Access Crypto Market Data

Crypto data provider Kaiko has announced partnering with Deutsche Börse Group as the latter aims to expand its presence in the digital asset industry.

  • According to the official press release, the integration is expected to be completed by the fourth quarter of this year.
  • The latest move is focused on expanding the German stock exchange’s market reach.
  • As part of the partnership, the French digital assets data platform will provide Deutsche Börse Group with tick-level trade data from all centralized and decentralized crypto exchanges.
  • Kaiko collects data from more than 100 such trading platforms for both the spot and derivatives markets.
  • The tick level data collected from the centralized exchanges alone account for around 150,000 instruments. It also covers a majority of blockchain protocols such as Ethereum or Avalanche
  • Following the development, Alireza Dorfard, Head of Market Data and Services at Deutsche Börse, highlighted the high demand among its for consolidated data from exchanges to develop relevant crypto-focused investment strategies in light of high volatility and price fluctuation. The exec also added,

“Our new offering fulfills this need, helps our clients gain a deeper understanding of the cryptocurrency market, and allows them to analyze specific events. With Kaiko and its extensive catalog of data types, we have found the right partner for this purpose.”

  • Deutsche Börse’s first tryst with the crypto industry dates back to June 2021 when it agreed to purchase a two-thirds stake in Crypto Finance AG.
  • After the acquisition was completed the German exchange enabled custody and post-trades among other crypto-focused services to its institutional clients.
  • During the same time, Deutsche Börse also announced the listing of a Bitcoin Spot ETN on its digital stock exchange, “Xetra.” The product allowed “physically secured access to Bitcoin’s performance.”

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