Kaiko

Kaiko is a French-founded, New York-headquartered provider of digital asset market data, analytics, indices, and pricing for institutional investors, financial services firms, and regulators. Operating for over a decade, the company describes itself as the global independent leader in crypto market data and reports serving more than 200 enterprise clients worldwide.^[1]

In June 2026 Kaiko acquired U.S. rival Amberdata, its fifth acquisition, creating what the company called the only independent regulated data, analytics, indices, and infrastructure provider for digital assets, with combined coverage of 200+ exchanges, 20+ blockchains, and 20,000+ digital assets under CEO Ambre Soubiran.^[2]

What It Does

Kaiko collects granular trade and order book data from centralized and decentralized venues and transforms it through a four-stage process — read, compute, store, distribute — into institutional-grade feeds, valuations, and benchmarks. Use cases span front- and mid-office trading support, business intelligence, custody valuation, ETF creation and listing, derivatives listing, market surveillance for regulators, AML/CFT monitoring, and onchain financial auditing.^[1]

The company is SOC 2 Type II certified and EU BMR-compliant, positioning its reference rates and indices for use in regulated financial products.^[1]

Products

Product families include data feeds (reference data, Level 1 and Level 2 market data across spot, derivatives, and lending protocols); analytics such as Kaiko Best Execution, Fair Market Value pricing, Portfolio & Risk Management, and Derivatives Risk Indicators covering implied volatility, open interest, funding rates, and options Greeks; monitoring solutions including Market Surveyor for manipulation detection, Market Explorer, and Blockchain Monitoring for KYC/KYT compliance; and centralized oracle services that bring capital markets data onchain.^[1]

Kaiko Indices provides BMR-compliant reference rates, multi-asset indices, calculation agent services for NAVs, and quarterly proprietary rankings of exchanges, crypto assets, and blockchain ecosystems. Documented deployments include powering Bitcoin and Ether continuous futures with Cboe, supplying custom rates to regulated derivatives exchange D2X, serving as reference rate provider for One Trading's MiFID II and MiCA-regulated 24/7 equity futures launched in July 2026, and client implementations at Gemini and EDX Markets.^[1]

History

Founded in Paris more than ten years ago, Kaiko has grown through acquisitions into a multi-continent operation now headquartered at 115 West 30th Street in New York. Its consolidation strategy included the June 2026 acquisition of Amberdata — which added derivatives analytics, onchain data, and AI-powered market intelligence along with a North American institutional client base — following an earlier acquisition of onchain infrastructure provider Cometh.^[2]

Recent corporate developments include the appointment of Sari Granat as independent board member in July 2026 and a strategic research partnership with Frankfurt School's Centre for Digital Economics announced the same month.^[1]

Landscape

Kaiko competes in institutional crypto market data alongside Amberdata (now part of Kaiko), CryptoQuant, Glassnode, and The Tie, and its index business overlaps with benchmark providers in the Crypto On-chain category. Its surveillance and monitoring tools place it adjacent to blockchain analytics firms such as Chainalysis.^[1][2]