French blockchain analytics agency Kaiko has acquired crypto index supplier Vinter, aiming to increase its presence within the European exchange-traded product market.
Kaiko, a Paris-based blockchain information agency, introduced the acquisition of European index supplier Vinter as a part of its technique to consolidate regulated crypto monetary merchandise.
In a weblog announcement on Nov. 12, Kaiko acknowledged that the acquisition will allow the agency to satisfy the “rising 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 important business consolidation, which has a direct influence on crypto market integrity.”
Kaiko
Kaiko CEO Ambre Soubiran commented on the acquisition, noting that it aligns with the agency’s objective to increase its product choices and world shopper protection. Whereas Kaiko didn’t disclose the scale of the deal, it acknowledged that this transaction marks its “third and largest acquisition up to now.”
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Kaiko expands its product portfolio
In April 2022, Kaiko acquired information agency Kesitys to help the launch of a brand new enterprise unit centered on quantitative analytics merchandise. In June, Kaiko additional expanded by buying Napoleon Index from European asset supervisor CoinShares.
Based in 2014 by Ambre Soubiran, Kaiko aggregates, normalizes, and distributes crypto market information to institutional buyers, exchanges, and different companies, providing insights on pricing, commerce volumes, and blockchain metrics. The agency has raised a complete of $91.1 million over three funding rounds, with buyers together with ConsenSys Mesh, Eight Roads, Revaia, and HashKey Capital, in accordance with information from PitchBook.
Learn extra: MiCA laws principally benefited USDC, Kaiko says
