Cryptocurrency market data and analytics provider Kaiko has announced the acquisition of regulated European crypto index provider Vinter, enabling both companies to strengthen their market position and enhance service to asset management and sell-side participants.
The Synergy of Combined Expertise
Vinter is a benchmarks administrator registered with the European Securities and Markets Authority, providing services for exchange-traded products (ETPs) on exchanges like SIX, Nasdaq, Euronext, and Deutsche Boerse Xetra. Kaiko serves the derivatives industry, providing services to exchanges such as CBOE, Gemini, EDX, and Bitwyre. The companies’ combined coverage will allow them to create value through the synergies between the derivatives and asset management ecosystems. Vinter CEO Jacob Lindberg stated, 'Combining Kaiko and Vinter marks the creation of an undisputed leader for crypto data and indexing.'
Betting on a Growing Market
The deal for Vinter is 'a clear bet on the European ETP market,' Kaiko CEO Ambre Soubiran said. Reuters cites data showing the ETP market in Germany, Sweden, and Switzerland has around $13.64 billion in assets under management (AUM), compared to about $88.78 billion AUM for United States ETPs.
Kaiko's Other Acquisitions
Vinter is Kaiko’s third and largest acquisition. Previously, the company acquired Kesitys, a provider of quantitative decision tools for risk optimization in cryptocurrency markets, followed by the acquisition of Napoleon Index from European alternative asset manager CoinShares. With the acquisition of Napoleon Index, Kaiko simultaneously launched Kaiko Indices.
Following the acquisition of Vinter, Kaiko is strengthening its presence in the European crypto indexing market, leveraging the growing popularity of ETPs in the region and continuing to solidify its position through strategic acquisitions.
