French blockchain analytics firm Kaiko has acquired crypto index provider Vinter, aiming to increase its presence within the European exchange-traded product market.
Kaiko, a Paris-based blockchain data firm, introduced the acquisition of European index provider Vinter as a part of its technique to consolidate regulated crypto monetary merchandise.
In a weblog announcement on Nov. 12, Kaiko said that the acquisition will allow the firm to fulfill the “growing institutional demand” for crypto indices following the profitable launch of spot Bitcoin exchange-traded funds within the U.S. earlier this 12 months.
“This strategic acquisition comes amid significant industry consolidation, which has a direct impact on crypto market integrity.”
Kaiko
Kaiko CEO Ambre Soubiran commented on the acquisition, noting that it aligns with the firm’s objective to increase its product choices and world shopper protection. While Kaiko didn’t disclose the scale of the deal, it said that this transaction marks its “third and largest acquisition to date.”
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Kaiko expands its product portfolio
In April 2022, Kaiko acquired data firm Kesitys to assist the launch of a brand new enterprise unit targeted on quantitative analytics merchandise. In June, Kaiko additional expanded by buying Napoleon Index from European asset supervisor CoinShares.
Founded in 2014 by Ambre Soubiran, Kaiko aggregates, normalizes, and distributes crypto market data to institutional traders, exchanges, and different companies, providing insights on pricing, commerce volumes, and blockchain metrics. The firm has raised a complete of $91.1 million over three funding rounds, with traders together with ConsenSys Mesh, Eight Roads, Revaia, and HashKey Capital, in response to data from PitchBook.
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