Cryptocurrency data and analytics firm Kaiko has acquired European crypto index provider Vinter, strengthening its position in the global crypto index and analytics markets. This acquisition is set to bolster Kaiko’s services for asset management and institutional investors, especially in Europe, where demand for crypto-tracking financial products continues to grow.
Strengthening Crypto Data and Indexing Capabilities
Vinter, a regulated benchmarks administrator under the European Securities and Markets Authority (ESMA), specializes in providing index services for exchange-traded products (ETPs) across European exchanges, including SIX in Switzerland, Nasdaq, Euronext, and Deutsche Boerse’s Xetra. Kaiko, already a major player in the derivatives space, serves major exchanges like CBOE, Gemini, EDX, and Bitwyre. By joining forces, Kaiko and Vinter will leverage their combined expertise to offer enhanced analytics and index services for the growing crypto market.
In a statement, Vinter CEO Jacob Lindberg commented, “Combining Kaiko and Vinter marks the creation of an undisputed leader for crypto data and indexing.” Although the acquisition amount was not disclosed, Reuters reported that the deal values Kaiko at approximately $200 million.
Focus on the Expanding European ETP Market
Kaiko’s acquisition of Vinter signals a strategic focus on Europe’s expanding ETP market. Kaiko CEO Ambre Soubiran described the acquisition as “a clear bet on the European ETP market,” which manages around $13.64 billion in assets, particularly in Germany, Sweden, and Switzerland. In contrast, the U.S. ETP market holds approximately $88.78 billion in assets under management. Kaiko’s move comes as the European crypto market gains traction, driven in part by favorable regulatory conditions, unlike the U.S., where some crypto activities, like staking, remain restricted within ETPs.
Building a Broader Portfolio of Crypto Data Solutions
The acquisition of Vinter is Kaiko’s third major expansion move in recent years. In 2022, Kaiko acquired Kesitys, a company specializing in quantitative decision-making tools for cryptocurrency market risk management. Later that year, Kaiko acquired Napoleon Index from European asset manager CoinShares, subsequently launching Kaiko Indices. These acquisitions underscore Kaiko’s focus on creating a comprehensive suite of data, risk, and index services for the crypto market.
With this latest acquisition, Kaiko solidifies its lead in crypto indexing, offering institutions and asset managers enhanced analytics and tracking solutions for cryptocurrency portfolios.
