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Deutsche Börse Partners With Kaiko to Access Crypto Market Data

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

  • According to the official Press releaseintegration is expected to be completed by the fourth quarter of this year.
  • The latest move aims to expand the market coverage of the German stock exchange.
  • As part of the partnership, the French digital asset data platform will provide the Deutsche Börse Group with tick-level trading data from all centralized and decentralized crypto exchanges.
  • Kaiko collects data from over 100 of these trading platforms for both the spot and derivatives markets.
  • Tick ​​level data collected only from centralized exchanges covers about 150,000 instruments. It also covers most blockchain protocols like Ethereum or Avalanche.
  • Once developed, Alireza Dorfard, Head of Market Data and Services at Deutsche Börse, highlighted the high demand for consolidated data from exchanges to develop appropriate cryptocurrency-focused investment strategies in light of high volatility and price fluctuations. The artist also added

“Our new offering addresses this need, helping our clients gain a deeper understanding of the crypto market and allowing them to analyze specific developments. Thanks to Kaiko and its extensive catalog of data types, we have found the right partner for this purpose.”

  • Deutsche Börse’s first exposure to the crypto industry dates back to June 2021, when it agreed to acquire two-thirds of the shares of Crypto Finance AG.
  • After the acquisition was completed, the German exchange provided its institutional clients with the option of storage and post-trading among other crypto-focused services.
  • At the same time, Deutsche Börse also announced the listing of Bitcoin Spot ETN on its Xetra digital stock exchange. The product allowed “physically secure access to the performance of Bitcoin”.
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Credit : cryptopotato.com

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