Kaiko announces the launch of Price Rates
The first from Kaiko’s Benchmark Rates Family.
Kaiko’s Price Rates provide independent, clean cryptocurrency prices, enabling investors to accurately assess the value of their holdings and trade with confidence.
20th September 2022 — We are happy to announce the launch of the first suite of 50 Price Rates designed to clarify and enhance pricing information for digital assets.
Price Rates leverage Kaiko’s expert data analysis and market intelligence capabilities to provide accurate, transparent, and reliable pricing information. Price Rates can be used by institutional investors to assess the value of their custodied or held assets accurately.
We will be expanding our Benchmark Rates Family over the next few months, with new rates that will vary according to the exchange vetting process.
Price Rates will be the first product in Kaiko’s Benchmark Rates Family to be released. Price Rates assess transaction data from 100+ recognized, centralized exchanges. An optimization process selects the best combination of up to five centralized exchanges in terms of liquidity coverage for each relevant crypto asset to minimize the occurrences of 30-second periods without any trades.
Following price rates will be Standard Rates, also belonging to the Benchmark Rates Family, which filters the transaction data with significant Know Your Customer (‘KYC’) and Anti Money Laundering (‘AML’) controls, amongst various other criteria.
The third installment of the Benchmark Rates Family to be launched will be the ‘Reference Rates’. Reference Rates further narrow pricing sources to only those with solid KYC and AML credentials, and that are regulated in their respective jurisdictions.
Alexandre Ruggeri, Head of Kaiko Indices, commented on the launch: “Holistic, clean, and reliable pricing is immensely valuable to institutions and enterprises holding or trading digital assets. Just as any institution with significant stores of traditional assets, such as gold, expects to value their holdings against a reliable price index rather than individual traders’ estimations, institutions holding digital assets require independent and accurate tools to assess their custody.
“Kaiko Rates is built on our market-leading data capabilities to provide this service. With large-name traditional finance institutions increasingly entering the digital asset space, there is no better time to launch Price Rates. In addition to the launch of Price Rates today, we look forward to adding Standard Rates and Reference Rates to our offering in due course.”
For more information, please visit www.kaiko.com.
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