- Kaiko is the first regulated and licensed provider of 24/7 US equity rates, licensing market data from institutional sources, ensuring the best price at all times.
- Kaiko’s multi-chain oracle, which supports Hyperliquid’s HIP-3 to enable Markets by Kinetiq, ensures reliable pricing for perpetual futures even outside traditional market hours, as well as the publication of corporate actions and dividends.
- Since its launch in January, Kinetiq’s global markets have operated seamlessly, providing liquidity and the tightest spread seen on their perps.
Why Kinetiq selected Kaiko as its oracle provider
With a view to delivering 24/7 on-chain perpetual markets on a global scale, Kinetiq has launched Markets, a decentralized perpetual futures exchange built on Hyperliquid’s HIP-3. Kinetiq chose Kaiko as its official oracle provider to deliver these critical services.
Kaiko powers Markets with world-class data infrastructure. Unlike conventional oracle solutions, Kaiko provides verifiable, governance-ready data that meets the standards of regulated capital markets.
From day 1, the first listing on Markets set a strong precedent with record volumes, and the platform has since recorded an overall cumulative volume across all assets listed of over 720 million as of 2 February 2026.
Why Kinetiq selected Kaiko as its rates provider
Markets is enabled by Kaiko’s ISOCO, SOC1 and BMR compliant Equity Rates, and built atop derived data licenses compliant with major exchanges, which are the underlying source data providers. This framework is built to address and accommodate for all market conditions and events, including low liquidity periods, pricing outside traditional market hours, corporate actions, market closures, dividends, and real-time validation, so that the rates distribute and represent the whole economical value of the underlying data.
These rates are built through Kaiko’s proprietary methodology, which is resistant to outliers, and provides stable and reliable prices based on the regulated SIP feed of National Best Bid and Offer (NBBO). Data is sourced from institutional exchanges, after- and pre-market hours SIP feed equivalent, and overnight approved ATS data. This is all blended into a single pool of sources to enable the rates, instead of aggregating OTC and duplicating data feeds, as is common crypto native practice.
Why Kaiko’s Oracle is Especially Suited to 24/7 Trading
Putting Kaiko’s on-chain oracle infrastructure at the heart of Markets has enabled secure 24/7 on-chain trading.
A key success factor for this reliability is Markets’ infrastructure, where all trading activity is marked against Kaiko’s independent oracle price, rather than traders’ own quotes. This design prevents the market manipulation risks inherent in self-referential pricing. Ensuring that the underlying indices enabling these futures are independent, licensed, and obey the same standards applied to mature derivatives markets is key to gaining and securing market trust. Events like October 10th, 2025 showcase the risks to the trading community when effective institutional-grade infrastructures are not in place, leading to liquidations and liquidation cascades. In other words, when operated improperly, these derivative products expose the entire trading community to unacceptable risk.
Today, Markets offers 24/7 perpetual futures trading for equity perps, powered by compliant centralized data sources. When traditional markets close, Kaiko’s infrastructure continues to provide reliable pricing through overnight trading venues and proprietary validation rules, ensuring continuous trading at the best price that is protected from abnormal market activities.
Trusted auditable institutional-grade data on-chain
Central to the increased adoption of decentralized ledger technology for regulated capital markets, Kaiko collates and delivers institutional-grade, verifiable data directly on-chain, driving opportunities for complete financial transformation, unprecedented transparency, and operational efficiency. As distributed ledger technology reshapes capital markets infrastructure, Kaiko is leading the innovation, delivering the transparent, standardized market data needed to power the institutional adoption of digital assets.
With momentum building in this space, Kaiko continues to engage with additional institutional data and index providers to deliver the critical infrastructure needed to unlock 24/7 trading across blockchains and ecosystems. These projects each bring unique challenges and require custom integrations, and we are proud to be enabling this progress on an industry-scale, as 24/7 trading transitions from a competitive advantage to the market expectation.
Learn more about decentralized ledger technology and the future of digital finance at The Agora, our institutional forum covering all things market infrastructure and digital asset capital deployment. See our full list of A* headliners and get your tickets, here.
