As an analyst with extensive experience in the digital assets sector, I find the strategic move by Kaiko to acquire Vinter particularly noteworthy. With my background in analyzing market trends and understanding the growing institutional demand for crypto indices, I can see how this acquisition aligns with Kaiko’s goal of expanding its product offerings and global client coverage.
The French company specializing in blockchain analysis, Kaiko, has taken over Vinter, a provider of cryptocurrency indices, with the goal of increasing its influence within the European market for exchange-traded products.
In a recent announcement, Kaiko, a data company based in Paris specializing in blockchain technology, revealed that it has acquired Vinter, a European index provider, as part of its plan to strengthen its offerings in the area of regulated financial products within the crypto market.
On November 12th, as announced in a blog post, Kaiko explained that the acquisition would empower the company to fulfill the increasing need from institutions for cryptocurrency index products. This demand has arisen following the successful debut of Bitcoin spot exchange-traded funds in the United States earlier this year.
In the midst of a major wave of mergers in our sector, this purchase contributes directly to the upholding of honesty within the cryptocurrency market.
Kaiko
As an analyst, I’d express it like this: I, as an analyst, am reporting on a statement made by Kaiko CEO Ambre Soubiran regarding their latest acquisition. The CEO noted that this move aligns with the company’s aim to broaden its product portfolio and increase global client coverage. Unfortunately, the specific details of the deal have not been disclosed, but it is significant as it marks Kaiko’s third and largest acquisition so far.
Kaiko expands its product portfolio
In April 2022, Kaiko made a purchase of the data company Kesitys to bolster the debut of a fresh business division specializing in quantitative analytics tools. Then, in June, they broadened their horizons by acquiring Napoleon Index from the European asset manager CoinShares.
Established in 2014 by Ambre Soubiran, Kaiko is a platform that collects, standardizes, and disseminates cryptocurrency market data to institutional investors, trading platforms, and various businesses. It provides valuable insights on pricing trends, trade volumes, and blockchain statistics. To date, the company has secured a total of $91.1 million across three funding rounds, with notable investors such as ConsenSys Mesh, Eight Roads, Revaia, and HashKey Capital, as per data from PitchBook.
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2024-11-12 17:14