Kaiko, a digital assets data provider, and Coinfloor, the UK’s longest running Bitcoin exchange, have formed a data partnership to provide cryptocurrency market data. The partnership will ensure the backfilling, collection, normalization, and storage of all Coinfloor transaction data by Kaiko’s sophisticated data collection infrastructure.
Coinfloor Group is the longest established UK based cryptocurrency exchange company. Since 2013, Coinfloor has been successfully building, operating and managing cryptocurrency exchanges, including the UK’s longest running cryptocurrency exchange and OTC desk, Coinfloor UK and one of Europe’s first fully regulated cryptocurrency exchanges and OTC desks, Coinfloor Gibraltar.
Coinfloor’s CEO Obi Nwosu said, “Having an institutional grade data provider is extremely important for sophisticated and institutional traders to obtain accurate historical data. This is paramount for them to conduct in depth analysis on an exchange before deciding whether or not to integrate. We believe Kaiko is one of the leading players in this field and are proud to partner with them.”
Kaiko places a special emphasis on building relationships with the exchanges that they collect data from. As the cryptocurrency ecosystem matures, exchange data partnerships will become more important to combat issues surrounding transparency and reliability.
Ambre Soubiran, CEO at Kaiko, commented, “Coinfloor’s emphasis on trust, reliability, and security are why we chose to form a data partnership with them. Together, we will improve institutional investors’ confidence in the space by providing granular and normalized cryptocurrency market data.”