Kaiko acquires Vinter to expand crypto market reach

Kaiko, a cryptocurrency market data and analytics provider, has acquired European crypto index provider Vinter.

The acquisition aims to strengthen Kaiko’s market position, catering to asset management and participants in the "sell-side" of the industry.

Vinter, registered with the European Securities and Markets Authority, provides benchmark services for various European exchanges, including Nasdaq, SIX, Euronext, and Deutsche Boerse Xetra.

Kaiko serves the derivatives sector, working with CBOE, Gemini, EDX, and Bitwyre.

The collaboration between Kaiko and Vinter is expected to enhance the combined offerings by leveraging synergies between asset management and derivatives services.

Vinter CEO Jacob Lindberg described the partnership as forming “an undisputed leader for crypto data and indexing.”

The financial details of the deal were not disclosed, but according to Reuters, the acquisition gives Kaiko a valuation of $200 million.

Kaiko CEO Ambre Soubiran highlighted that the acquisition reflects the company’s investment in the European exchange-traded product (ETP) market.

The ETP market in Germany, Sweden, and Switzerland holds approximately $13.64 billion in assets under management (AUM), contrasting with the $88.78 billion AUM in the U.S.

This acquisition marks Kaiko's third and most significant purchase.

In 2022, Kaiko acquired Kesitys, a company specialising in risk optimisation tools for crypto markets, and Napoleon Index from CoinShares, which coincided with the launch of Kaiko Indices.

The growing ETP landscape in Europe reinforces Kaiko's strategic focus.

This year, 21Shares launched a Toncoin (CRYPTO:TON) ETP on SIX, Valour introduced an ETP for Near Protocol (CRYPTO:NEAR) in Sweden, and 21Shares rolled out an Injective ETP with staking on Euronext.

Notably, staking in ETPs remains restricted in the U.S.

The acquisition positions Kaiko to better navigate and leverage the expanding European market for crypto-related financial products.