kaiko

Cryptocurrency data provider Kaiko announced on Twitter that S&P Global led its strategic investment and expanded its Series B funding to $110 million.Kaiko's CEO stated that traditional financial information and digital asset infrastructure are beginning to work together in real-time products.

The cryptocurrency market data agency Kaiko stated that one year after the largest liquidation event in the crypto market, the market has not fully recovered.Kaiko noted that in terms of Bitcoin, the open interest of Bitcoin perpetual contracts is still about 16% lower than pre-crash levels, while the spot depth in USD is down 27%. The decline in leverage is faster than the decline in liquidity, with leverage corresponding to each dollar of market depth being 20% lower than before October 10.

According to The Defiant, trading firm DRW executed a total return swap with Marex on the Canton network through Derivnex, referencing the on-chain corporate bond benchmark from S&P Dow Jones Indices. S&P Dow Jones Indices announced this transaction with Kaiko on October 13.The swap was provided by Marex, with DRW as the counterparty, referencing the iBoxx USD Liquid Investment Grade Index, which tracks investment-grade corporate bonds that are dollar-denominated and have good liquidity. The swap provides both parties with exposure to the index without holding the underlying bonds. The transaction will synchronize events such as valuations during the contract's duration between both parties, and plans to migrate margin, collateral, and contract payments to the same infrastructure will be advanced in subsequent phases.Kaiko's tokens combine benchmark data with access permissions and usage rules, retaining the authorized control of S&P Dow Jones Indices, and distributing signed official index values for Derivnex to use for valuation. Derivnex expresses the transaction terms in the form of Canton smart contracts and introduces a universal domain model standard for derivatives trading. DRW founder and CEO Don Wilson stated that both parties can "work off the same record, thereby simplifying the process," and noted that once cash and collateral flows are integrated, more transactions are expected to achieve greater efficiency.

Kaiko and Upbit recently jointly released a report showing that the Korean won accounts for about 25% of the global fiat-denominated cryptocurrency trading volume, second only to the US dollar (approximately 48.70%). On Upbit, a market buy order of 10 million Korean won typically has slippage between 0.005% and 0.02%.The report points out that the South Korean market still primarily relies on fiat-native trading, with KRW trading pairs dominating trading activities. Stablecoins like USDT and USDC are more often used as assets traded against the Korean won rather than as the primary settlement medium. South Korean exchanges are deeply integrated with the banking system through real-name accounts and KYC, allowing users to directly withdraw and deposit in Korean won, reducing the demand for stablecoins as tools for withdrawal and deposit.The report believes that the opportunities for Korean won stablecoins lie in on-chain settlement, cross-border payments, and DeFi scenarios, and may help narrow premiums by improving the efficiency of value transfer across markets. However, adoption still depends on regulations, reserve standards, redemption rights, and exchange integration.

According to Bloomberg, cryptocurrency market data service provider Kaiko has received a new round of investment led by S&P Global, with the total scale of the latest financing expanding to $110 million. DRW Holdings, Susquehanna, Royal Bank of Canada, Nasdaq, BNP Paribas, Bpifrance, Broadridge, Canton Ventures, Coinbase Ventures, and Stellar also participated in this round.The background of this financing is Wall Street's accelerated push towards asset tokenization, with the rise of around-the-clock markets driving demand for 24/7 pricing, valuation, and risk management data infrastructure. Kaiko will use this financing to develop new products and services.Previously, cryptocurrency market data provider Kaiko completed a $53 million Series B financing in June 2022, led by Eight Roads (the venture capital arm backed by Fidelity), with participation from French venture capital firm Revaia and existing investors Alven, Point Nine, Anthemis, and Underscore.

S&P Dow Jones Indices and Kaiko announced on September 1, 2026, the integration of digital asset index products into a co-branded series called S&P Kaiko Digital Asset Indices. Kaiko's digital asset reference rates and multi-asset indices, along with the existing S&P DJI cryptocurrency indices, will be unified under the name S&P Kaiko. This series is driven by Kaiko's crypto-native data infrastructure and market expertise, with S&P DJI responsible for global licensing, distribution, and benchmark management.At launch, the series will cover over 4,000 rates and indices across digital asset categories. Existing financial products benchmarked to Kaiko reference rates and multi-asset indices will adopt the new S&P Kaiko brand. Kaiko Indices, S.A. will retain its existing brand and BMR registration. Cameron Drinkwater, Chief Product and Operating Officer of S&P Dow Jones Indices, stated that this integration enhances the standards of digital asset benchmarks with transparency, rigor, and market relevance. Ambre Soubiran, CEO of Kaiko, mentioned that this move provides institutions with credibility, distribution channels, and data accuracy.

Kaiko announced the acquisition of digital asset data and analytics provider Amberdata. After the completion of this transaction, Kaiko stated that it will form a comprehensive service capability covering digital asset market data, analytics, pricing, indices, and data infrastructure, and will continue to expand into the tokenized asset sector.

According to the official announcement, digital asset market data and analytics provider Kaiko has announced the acquisition of the European decentralized finance infrastructure provider Cometh, which holds a MiCA / CASP license, to integrate data, analytics, indices, and on-chain infrastructure capabilities, along with Cometh's expertise in smart contract engineering.Kaiko stated that after the transaction is completed, the company will form an integrated infrastructure covering BMR authorized indices, MiCA compliant products, oracle services, and on-chain execution capabilities. Cometh has previously been granted a MiCA / CASP license by the French AMF and holds ISO 27001:2022 certification.

According to a report by the analysis firm Kaiko on Monday, the open interest, funding rates, and on-chain trading patterns in the perpetual contract market indicate that some traders may have positioned themselves ahead of the announcement of the Robinhood cryptocurrency listing. The report highlights the most obvious case of wallet address 0xa1E, which opened a long position in Lighter (LIT) on Hyperliquid at 11:05 AM on January 15, about an hour before Robinhood announced the listing of the token, and this wallet subsequently closed the position after the announcement.The same address also opened a short position in HOOD a few hours before Robinhood reported lower-than-expected first-quarter revenue on April 28. Several tokens, including ZEC, SNX, and NEAR, experienced abnormal spikes in open interest and funding rates, as well as price drift, before their listing announcements. Researcher Fraussen told Cointelegraph that traders who understand microstructure may have noticed public signals such as rising funding rates and increased trading volume and positioned themselves accordingly, but this type of positioning is statistically consistent and has repeatedly occurred across multiple events, reflecting privileged access to Robinhood's listing pipeline or a highly reliable front-running method based on public signals.

The crypto data agency Kaiko released data on platform X showing that the market share of U.S. crypto exchanges in the spot market has increased from about 8% to 15% within a year, nearly doubling, while the liquidity of Bitcoin in the domestic market is continuously strengthening and surpassing some offshore exchanges in multiple trading pairs.Analysis suggests that this change is mainly driven by factors such as ETF demand, institutional trading consolidation, and improvements in compliance and transparency.

Bloomberg and cryptocurrency market data provider Kaiko announced a partnership to directly embed Bloomberg's licensed financial data into blockchain environments, aiming to address data inconsistencies in the tokenized market. The first application scenario of the collaboration focuses on tokenized U.S. Treasury bonds and the repurchase market on the Canton Network, targeting institutional clients such as banks and asset management companies, rather than retail crypto traders.Both companies stated that by providing a unified authorized data source on-chain, market participants can reference the same dataset, effectively reducing reconciliation disputes and enhancing data integrity. Kaiko CEO Ambre Soubiran pointed out that institutional-grade data is the foundation for the effective operation of financial markets, and this collaboration will extend traditional market data to the next generation of tokenized securities infrastructure.Kaiko had acquired European crypto index provider Vinter in 2024, continuously expanding its influence in the regulated benchmarks and index services sector.

Kaiko Research analysis indicates that Bitcoin fell to around $59,930 earlier this month, marking a new low since October 2024, which may signify the "midpoint" of the current bear market. The market has moved away from the post-halving frenzy phase and entered a typical bear market period that usually lasts about 12 months, paving the way for the next accumulation phase.On-chain indicators and the performance of mainstream crypto assets show that the market is approaching key technical support levels, which will determine whether the four-year cycle framework continues. The spot trading volume on major centralized exchanges has decreased from about $1 trillion in October 2025 to $700 billion in November, a drop of approximately 30%. The total open interest in Bitcoin and Ethereum futures has also decreased from $29 billion to $25 billion, indicating ongoing market deleveraging. With multi-cycle oversold indicators emerging, the question of Bitcoin's rebound is more about "when it will happen" rather than "if it will happen."

According to DLnews, Kaiko's latest report shows that liquidity in the cryptocurrency market is overly concentrated on a few platforms like Binance, posing significant structural, operational, and legal risks. The report warns that although Binance is the largest exchange globally (with a spot trading volume of $15.3 billion and $27 billion in derivatives open interest), the platform is not formally regulated, has been convicted in the U.S. for inadequate anti-money laundering practices, and does not hold an EU MiCA license.The cryptocurrency market crash in October led to $19 billion in futures positions being liquidated, with Binance experiencing price deviations and account access issues. Kaiko researchers pointed out that if Binance were to face operational, legal, or technical shocks, it could trigger severe volatility across the entire market.

ChainCatcher news, according to TheBlock, Kaiko's latest report shows that the news that TRUMP Meme coin front-row holders may win VIP dinner qualifications and even meet the president has triggered a surge in token trading activity. The TRUMP token's price skyrocketed by 60% in a single day (from $9 to $14.5), accompanied by on-chain transfers reaching up to $2.4 billion, with on-chain activity increasing by 200%, simultaneously creating the highest daily trading volume on CEX since mid-February.Kaiko pointed out that although Trump is challenging the claim that "Meme coins are worthless," this move has also sparked controversy. Both political opponents and moral advocates have questioned the president's practice of offering exclusive usage rights to those who purchase his Meme coins.Kaiko predicts that although current trading volumes have retreated from their peak, they may surge again in the coming weeks: "As the activity deadline approaches, holders will transfer funds back on-chain to qualify for participation, which is expected to trigger a new round of activity."

ChainCatcher news, according to a research report by Kaiko, the market slump in February triggered several waves of liquidations, significantly reducing the leverage levels of the top ten altcoins. Analysts believe that this position reset has created a healthier foundation for the cryptocurrency market, potentially paving the way for a more sustained upward trend in the coming weeks.The report notes that with the U.S. announcing the establishment of a strategic cryptocurrency reserve plan, although Bitcoin's reaction was relatively muted, overall market volatility surged, especially among altcoins. The intra-day volatility, which had been below 200% since the tariff sell-off in February, skyrocketed after the announcement, with ADA's volatility breaking 600%, marking the largest increase among major altcoins.Kaiko's analysis indicates that the inclusion of specific altcoins in the U.S. strategic reserve may accelerate the rotation of capital among altcoins, reinforcing the trend of concentrated gains in altcoins. Since last November, trading activity on U.S. exchanges has increasingly been dominated by large-cap assets. A year ago, the top ten altcoins accounted for 58% of altcoin trading volume on U.S. platforms, and 50% on offshore exchanges; as of last week, these shares have risen to 77% and 66%, respectively.

ChainCatcher news, according to Kaiko, despite South Korean traders traditionally favoring altcoins (which account for about 80% of the market share on local platforms), Bitcoin has attracted a significant inflow of safe-haven funds during the recent political turmoil.On Upbit and Bithumb, the cumulative volume delta (CVD) of the BTC/KRW trading pair has shown a noticeable increase.

ChainCatcher news, Kaiko stated that recent demand for Bitcoin is primarily driven by enterprises. KULR Technology, Rumble, and Genius Group began incorporating Bitcoin into their balance sheets in the fourth quarter. However, $MSTR remains in the lead and significantly increased its purchasing volume in the fourth quarter.

ChainCatcher news, Kaiko predicts that ETH will experience positive growth by 2025. Analysts state, "ETH will be one of the biggest winners of the regime change in Washington, D.C." The company believes that its clear classification—whether as a commodity or a security—will stimulate growth next year.Despite many investors becoming increasingly cautious about ETH, especially after the ETH/BTC exchange rate hit a new annual low, it has stabilized and risen after the election.According to Coinglass data, Ethereum ETFs recorded only three days of outflows in the past 30 days. Meanwhile, investors have poured in over $12 billion.

ChainCatcher news, according to data from Kaiko Research, the price of Ethereum (ETH) recently reached an annual high of $4000. Although it briefly outperformed Bitcoin (BTC) after the U.S. elections, ETH has yet to test its historical high of around $5000 from 2021.However, last weekend, the price of ETH stabilized around $4000, indicating that it may be poised to test a new price range. The rise in ETH prices coincides with a resurgence of market interest in ETH ETFs, which set a record for historical fund inflows last week. Institutional investors have shown a significant increase in interest in ETH and are optimistic about potential returns in 2025.Additionally, changes in the leadership of the U.S. Securities and Exchange Commission (SEC) may further drive market demand, with ETH potentially being a significant beneficiary of this change.