In brief, Kaiko is a Paris-based blockchain data firm and it has acquired European crypto index provider Vinter to strengthen its position in the European exchange-traded product market. This asset will surely help Kaiko meet the demands from the rising institutions for crypto indices, following the recent success of U.S. Bitcoin ETFs.
Acquisition Expands Kaiko’s Reach in European ETP Market
Kaiko, A Paris-based blockchain analytics firm has stated the acquisition of Vinter, a European crypto index provider. This strategic acquisition is done with the expectation that the assets received would provide necessary support, aligning with the company’s broader goals of consolidating regulated crypto financial products.
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Responding to Institutional Demand
Kaiko acquiring Vinter is a response to increasing demand from organizational clients for reliable crypto indices. After the launch of U.S. spot Bitcoin ETFs earlier this year, Kaiko intends to cater to European investors looking for regulated crypto-based financial products which can hopefully fulfill rising demands.
CEO’s Vision on Expansion
CEO of Kaiko, Ambre Soubiran expressed how important the acquisition is, stating that it enables the company to widen it’s product portfolio and serve a broader global clients. Despite the financial details of said acquisition being hidden, Kaiko claims it’s their third and largest acquisition to date.
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Past Acquisition to Strengthen Analytics Offerings
Kaiko has has three acquisition to this day. Kaiko has previously acquired Kesitys in April 2022 with the intention of supporting quantitative analytics unit and purchased Napolean Index from CoinShares in June, further expanding its data service. Kaiko is not a rookie on the blockchain game, founded in 2014, Kaiko gives data on pricing, trade volumes and blockchain analytics serving both institutional clients and exchanges.