The Agora by Kaiko returns to Cannes on April 13, 2027
How D2X Used Kaiko Indices Benchmarks for Futures Settlement

THE PROBLEM
Aiming to address the growing demand for EU-regulated crypto investments, D2X were looking to launch their Bitcoin (BTC) and Ether (ETH) futures contracts, and needed a partner who could provide accurate and reliable Benchmarks for settlement in Euros.
This would help lay a strong foundation for institutional investors to confidently gain exposure to crypto assets via a trusted and regulated derivatives offering.
THE solution
After exploring their options, D2X chose to partner with Kaiko Indices to develop custom Benchmarks comprised of a broad range of exchange constituents with competitive levels of volume and liquidity.
Using a robust aggregation methodology combining volume-weighted median and time-weighted average price, these benchmarks discouraged manipulative conduct and pricing anomalies, helping the organization promote the integrity of the settlement price.
More From Kaiko
GSR Client Story03/08/2026
Client StoriesLearn how GSR uses Kaiko’s institutional-grade digital asset data and derivatives analytics to strengthen data-driven decision-making, develop robust trading strategies, and gain deeper insight into crypto markets.
Metafide Client Story30/07/2026
Client StoriesLearn how Metafide leverages Kaiko’s institutional-grade digital asset data to power its AI-driven blockchain ratings platform, accelerating product development while eliminating the need to build and maintain its own data infrastructure.
Client StoriesHappy Block Client StoryTo serve the institutional gap, HappyBlock needed a robust and transparent price for settling and valuing cryptoassets in Korean won (KRW). However, calculating a price in the South Korean Markets is not straightforward because there’s often a disparity between South Korean market prices and the rest of the world, known as the “kimchi premium”.