Kaiko Strikes Deal to Acquire Crypto Index Leader Vinter

The blockchain analytics firm Kaiko, located in Paris, purchased the European crypto index provider Vinter for an undisclosed sum.

According to Kaiko CEO Ambre Soubiran, this is the company’s third and biggest acquisition.

Vinter is one of the most significant index suppliers to European exchange-traded product (ETP) issuers. Several European crypto ETPs, like 21Shares, rely on Vinter for their data.

The Third and Biggest Purchase Made by Kaiko So Far

This is the company’s third and biggest purchase to date, according to CEO Ambre Soubiran. The transaction is part of a more significant industry consolidation centered on financial products regulated in cryptocurrency. The AUM for exchange-traded funds (ETFs), ETPs, and crypto derivatives has increased significantly recently.

“Vinter’s position as the top supplier of indices to the European asset management market enables us to broaden our clientele and product line. Our service will be improved internationally by fusing Vinter’s experience with Kaiko’s reputable name and widespread reach. Soubiran said.

To put things in perspective, Kaiko says that last year, more than $4 billion worth of futures were settled using its reference rates. Vinter manages assets for funds totaling more than $10 billion.

The firm stated that this acquisition targets a multibillion-dollar business and aims to establish itself as the global top crypto market data and index provider.