BSO, an Ethernet network, cloud, and hosting provider, announced this Thursday that it has joined forces with Kaiko, a provider of institutional grade cryptocurrency market data.
Together, the two companies will deliver real-time market data to clients directly from connected cryptocurrency exchanges, starting first with Gemini, the digital asset exchange founded by the Winklevoss twins.
The market data connection will be delivered in two stages. In the first implementation, BSO will deliver a live-streaming low-latency data feed from Equinix NY4 for the current investors of Gemini.
As Gemini has collocated its servers in an institutional grade data center, a cross-connect has been implemented to also provide clients of Kaiko the ability to access the data directly.
Commenting on the partnership Ambre Soubiran, CEO at Kaiko, said: “Market participants in the digital assets industry need transparent and reliable trading data in order to succeed.”
Going Past the Great Wall: Things to Consider When Entering the Asian MarketGo to article >>
“Whether they are a crypto fund or traditional institutional investor, it is essential to have clear visibility and access to high quality and granular data in this complex market. We are delighted to be working with BSO to bring live crypto exchange data to our clients.”
Coverage to include more crypto exchanges
The second stage will see the coverage extend to additional exchanges, with new sources of data for market participants being added to the data feed.
“Starting with Gemini, we expect to be rolling out coverage quickly in response to client needs,” Soubiran continued. However, what exchanges will be included in the fold next has not been revealed.
Speaking on the reasoning behind the partnership, Michael Ourabah, CEO at BSO added: “our network is engineered to deliver institutional quality and service and we’re proud to support the crypto currency community by enabling them to connect to the worlds’ financial ecosystem with minimal investment – anywhere in the world.”
“Working with Kaiko, we are very pleased to be able to add real time crypto currency data and extend the solutions we are delivering from our connected exchanges to include this growing and increasingly important asset class.”