Deutsche Börse Extends Crypto Data Service

Deutsche Börse has entered into an agreement with crypto market data provider Kaiko, to make the latter’s consolidated crypto data feed accessible to the exchange group’s customers.

The service will go live in the fourth quarter of 2022 when historical L2 tick-level orderbook data on a T+1 basis and live trade data will be made available through Deutsche Börse Market Data + Services’ distribution network. This will be followed by the introduction of historical orderbook data for selected digital asset exchanges on a T+1 basis, the exchange group says.

Kaiko collects tick-level trade data from over 100 Centralised Exchanges (CEXs) and Decentralised Exchanges (DEXs) for both spot and derivatives markets and claims to cover about 96% of the tick-level trading data from various DEXs, including a majority of blockchain protocols such as Ethereum or Avalanche. The tick-level trading data collected from CEXs comprises more than 150,000 instruments for spot and derivatives markets.

“The crypto market faces high volatility and price fluctuations, therefore, many of our clients have a high demand for consolidated data from centralised as well as decentralised exchanges to develop useful crypto investment strategies,” says Alireza Dorfard, head of Market Data + Services at Deutsche Börse. “Our new offering fulfils this need, helps our clients gain a deeper understanding of the cryptocurrency market and allows them to analyse specific events. With Kaiko and its extensive catalogue of data types, we have found the right partner for this purpose.”

Ambre Soubiran, CEO of Kaiko, adds, “Established institutions like Deutsche Börse are essential in making cryptocurrency market data accessible to financial institutions. We are looking forward to reinforcing this partnership further in the future, as demand for data in this new asset class grows.”