By Srijan Bijjam — Jul 17, 2023

🔢 Data Extraction for Web3

Keiko - crypto data scaled for companies

Today's Highlights

Kaiko - live web3 data feeds available for everyone

Blockchain events - upcoming events in the blockchain/web3 world.

In Other News - a few interesting developments we're tracking.

Kaiko - live web3 data feeds available for everyone

Blockchain is enabling the creation of a host of new financial applications and is opening up access to financial markets that were previously closed off to the masses. In order for this to happen at a large scale and so as to facilitate the trading, creation and valuation of these new financial assets, access to pricing and trading data will be crucial. To date, extracting this data is a challenge as it requires aggregating data from hundreds of exchanges, all in different formats, with little to no historical data available. On top of this, regulation has made it compulsory for many institutions to use a third-party data provider when creating, investing in and valuing digital assets. This means that building their own data infrastructure in-house is no longer an option.

Kaiko is solving the above problem. They are the leading provider of financial crypto data. Their platform aggregates trade and order book data across hundreds of different exchanges both centralized and decentralized. Kaiko normalizes the data, stores it and provides it to institutional investors, regulators, exchanges, market makers and startups via easily accessible APIs. They act as the single source for market information on financial digital assets data. Their mission is premised on the idea that high-quality data drives market efficiency, which in turn supports institutional adoption of crypto assets. Today, their trade and order book data feeds are the most comprehensive and granular in the industry, leveraged by hundreds of enterprise clients and powering the industry’s leading products. They currently support some of the world’s largest financial institutions and have partnered with leading financial platforms such as S&P, Dow Jones and Refinitiv, amongst others.

Kaiko was the first business to tackle this market and have been operating since 2014. This gives them a significant advantage when compared to new entrants particularly given that historical data is hard to access. Crypto exchanges typically provide no more than 7 days of historical data meaning that any business looking to enter this space will face a cold-start problem in that they will struggle to access and provide historical data. Kaiko has a strong first-mover advantage in this respect as they have many years of data.

Ambre Soubiran and Pascal Gauthier are the co-founders of Kaiko. They have raised a total of $82.5M in funding.