PRESS RELEASE
NEW YORK, November 12th, 2024
Kaiko’s acquisition is part of a broader industry consolidation around regulated crypto financial products, signaling a strong growth of the AUM for Derivatives, ETFs, and ETPs.
With this acquisition, Kaiko addresses a multibillion-dollar industry and solidifies its position as the world’s leading crypto market data and index company, playing a pivotal role in the evolving digital assets industry.
Over $4bn in futures were settled on Kaiko reference rates last year, and Vinter serves major funds with over $10bn in assets under management.
Kaiko, the leading cryptocurrency market data provider, has acquired Europe’s largest crypto index provider, Vinter. This acquisition will enable Kaiko to meet the growing institutional demand for cryptocurrency indices following the successful launch of spot Bitcoin ETFs in the U.S. earlier this year. As the industry consolidates, Kaiko stands as the only independent reference rate provider.
Over the past decade, Kaiko has reinforced its position in a market shaped by regulatory evolution and strong volatility. This strategic acquisition comes amid significant industry consolidation, which has a direct impact on crypto market integrity. Through steady growth and a prescient approach to market challenges, Kaiko has established itself as the only independent data and BMR-compliant index partner for financial institutions, reinforcing its pivotal role in the evolving digital assets industry.
“Our largest acquisition to date brings us closer to our goal: accelerate the growth of regulated crypto investments with sophisticated data solutions. Vinter’s role as the leading provider of indices for the Asset Management industry in Europe, allows us to expand our product offering and client coverage. Combining Vinter’s expertise and Kaiko’s trusted brand and global presence, will elevate our service globally.” said Ambre Soubiran, CEO of Kaiko.
The acquisition of Vinter enables Kaiko to expand its capabilities to serve asset managers and sell-side players. In the past few years, Vinter has successfully supported 21Shares, Virtune, and Sygnum Bank among others to bring investment solutions to market. Vinter’s track record and expertise working with indexing for the asset management industry complements Kaiko Indices, an already established market presence in the derivatives ecosystem.
Kaiko will use the combined coverage to create value for its clients through synergies between ETPs and derivatives. Kaiko and Vinter are already collaborating to bring innovative hedging solutions to the market, leveraging their shared indices to support derivatives and asset management ecosystems. This operation aims to streamline structuring and hedging, while enabling market makers to enhance liquidity provision.
Kaiko already works with the most significant buy and sell-side players in North America and Europe, including Deutsche Börse, Bloomberg, CBOE, and Bitstamp, as well as major regulatory bodies, underscoring the critical role of robust data infrastructure in mainstream crypto adoption.
Jacob Lindberg, CEO of Vinter, said, “Combining Kaiko and Vinter marks the creation of an undisputed leader for crypto data and indexing. This will allow us to serve institutional clients globally as the only truly independent crypto data and index provider.“
This marks Kaiko’s third and largest acquisition to date, affirming the company’s strategic vision and resilience in a challenging market landscape. Since the successful acquisition of Napoleon Indices in 2022, and the launch of Kaiko Indices, Kaiko’s regulated solutions have become the global standard for crypto derivatives. These indices are used for real-time, 24/7 derivatives settlement, margins, and liquidations on major exchanges globally. Working with partners including, CBOE, Gemini, EDX, and Bitwyre, Kaiko has created a globally recognized standard for the Index Price used in Derivatives. This has driven predictability, replicability and interoperability between exchanges, facilitating increased institutional flows and market maker participation, ultimately driving liquidity growth within the derivatives ecosystem.
Alston Zecha, Partner at Eight Roads, said, “In the past couple of years, Kaiko has seen industry-leading growth and cemented its position as the gold standard for institutional-grade market data and regulated benchmarks for derivatives. Now with the Vinter acquisition, it is exciting to see a new chapter as Kaiko drives both industry consolidation and customer value creation thanks to the combined product roadmap.”
About Kaiko
Founded in 2014, Kaiko is the leading provider of cryptocurrency market data, analytics and indices, offering businesses institutional-grade, regulatory-compliant solutions. Kaiko empowers market participants with global connectivity to real-time and historical data feeds across the world’s leading exchanges, driving the development of innovative indices and benchmarks for the digital assets industry.
About Vinter
Vinter’s indices power the largest number of crypto index ETPs in Europe. Founded in 2019, the firm aggregates data from hundreds of sources to create institutional-grade index products. Vinter’s indices transform digital asset data into transparent, BMR-regulated strategies used by firms in the US, EU, UK, and Switzerland.
Kaiko Contact
press@kaiko.com
