Crypto data firm Kaiko acquires European index provider Vinter

French blockchain analytics firm Kaiko has acquired crypto index provider Vinter, aiming to expand its presence in the European exchange-traded product market.

Kaiko, a Paris-based blockchain data firm, announced the acquisition of European index provider Vinter as part of its strategy to consolidate regulated crypto financial products.

In a blog announcement on Nov. 12, Kaiko stated that the acquisition will enable the firm to meet the “growing institutional demand” for crypto indices following the successful launch of spot Bitcoin exchange-traded funds in the U.S. earlier this year.

“This strategic acquisition comes amid significant industry consolidation, which has a direct impact on crypto market integrity.”

Kaiko

Kaiko CEO Ambre Soubiran commented on the acquisition, noting that it aligns with the firm’s goal to expand its product offerings and global client coverage. While Kaiko did not disclose the size of the deal, it stated that this transaction marks its “third and largest acquisition to date.”

Kaiko expands its product portfolio

In April 2022, Kaiko acquired data firm Kesitys to support the launch of a new business unit focused on quantitative analytics products. In June, Kaiko further expanded by purchasing Napoleon Index from European asset manager CoinShares.

Founded in 2014 by Ambre Soubiran, Kaiko aggregates, normalizes, and distributes crypto market data to institutional investors, exchanges, and other businesses, offering insights on pricing, trade volumes, and blockchain metrics. The firm has raised a total of $91.1 million over three funding rounds, with investors including ConsenSys Mesh, Eight Roads, Revaia, and HashKey Capital, according to data from PitchBook.