BSO And Kaiko Partner For Cryptocurrency Market Data
BSO, the award-winning Ethernet network, cloud and hosting provider, and Kaiko, leading provider of institutional grade crypto currency market data, are pleased to announce a partnership to deliver real time market data with direct connectivity to clients from connected crypto exchanges.
The first implementation will see BSO delivering a live-streaming low-latency, secure market data feed from Equinix NY4 for current investors of Gemini, the first exchange to have collocated its servers in an institutional grade data centre, which allows for a cross connect to be implemented and thereby allowing Kaiko clients to access data directly.
Gemini, founded in 2014 by Cameron and Tyler Winklevoss, is a digital asset exchange and custodian that allows customers to buy, sell, and store digital assets such as bitcoin, ether, zcash, and litecoin. Gemini is a New York trust company that is subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the New York Department of Financial Services and the New York Banking Law.
Phase Two will extend coverage to additional exchanges and deliver new sources of data for market participants who have been waiting for an improved infrastructure around crypto currency market data.
Kaiko is a digital assets data provider covering all top cryptocurrency exchanges. Kaiko collects, normalizes, and distributes cryptocurrency market data from 6,000+ currency pairs across 32+ exchanges. Kaiko provides normalized tick-by-tick trade data, order books, OHLCV, and VWAP data. Data is delivered through a cloud-based Data Feed, via an API, and through livestream services.
The company was founded in 2014 and our team has 20+ years experience in the fields of distributed systems, big data and financial markets.
Ambre Soubiran, CEO at Kaiko, commented, “Market participants in the digital assets industry need transparent and reliable trading data in order to succeed. Whether they are a crypto fund or traditional institutional investor, it is essential to have clear visibility and access to high quality and granular data in this complex market. We are delighted to be working with BSO to bring live crypto exchange data to our clients.” Adding, “Starting with Gemini, we expect to be rolling out coverage quickly in response to client needs.”
Jeanine Hightower-Sellitto, Managing Director of Operations at Gemini, said, “It is excellent news that the infrastructure around market data is evolving and that Kaiko is now providing enhanced connectivity to market participants.” Adding, “We expect that this direct access will support a wider range of market participants as demand continues to grow.”
BSO is the first network provider to launch a crypto-friendly network infrastructure to traders, exchanges, financial institutions, fintech startups, or regulators looking to understand this complex market.
BSO’s global Crypto Connect network is built for the high-speed electronic trading community and enables crypto exchanges to provide institutional investors with the guaranteed latency they require for serious investment. The network is, of course, low-latency enabled as demand scales, and is available in over 100 data centre locations comprising all the major trading venues in the global financial community. BSO is well positioned to support new entrants as they scale to institutional corporate structure or are growing and bringing in institutional investment.
Michael Ourabah, CEO at BSO commented, “Our network is engineered to deliver institutional quality and service and we’re proud to support the crypto currency community by enabling them to connect to the worlds’ financial ecosystem with minimal investment – anywhere in the world. Working with Kaiko, we are very pleased to be able to add real time crypto currency data and extend the solutions we are delivering from our connected exchanges to include this growing and increasingly important asset class.”
Kaiko Data is delivered to clients via a Rest API, a Websocket as well as through a Data Feed whereby data is pushed directly to their client’s cloud provider (AWS S3 / GCP / BSO Private Cloud / any custom data repository etc.). BSO delivers high-performance, reliable, secure, direct private connectivity to the Amazon Web Services (AWS) cloud from multiple data centres, offices and colocation environments across the globe via the dedicated AWS Direct Connect Service (DCS).
It may take between 10 and 15 years for DeFi to be broadly accepted across financial markets.
Institutional investors are increasingly considering opportunities in the digital asset class.
Development of a transparent derivatives market is a critical inflection point for the nascent asset class.
Interest is expected to grow across crypto asset-based futures, options and NDFs.
The FCA has only approved a handful of UK-based crypto custodians.