February 03, 2022 - 2 min read
SupraOracles is pleased to announce its collaboration with Kaiko, a major cryptocurrency market data provider for institutions and businesses. Kaiko provides reliable, transparent, and actionable financial data to market players for a variety of market operations. Kaiko’s goal is to serve as the backbone of the future digital financial industry by providing a single source of market data.
The Kaiko goal is based on the belief that high-quality data, fosters market efficiency and industry openness. The technologies emerging through SupraOracles are vital in the DeFi economy, and aid in the expansion of Kaiko. SupraOracles allows real-world data to be used in smart contracts on a blockchain, which is required for executing financial transactions on the blockchain-based on price data from external sources such as Kaiko.
Kaiko is among the leading sources of cryptocurrency market data for institutions. In addition, Kaiko has a lot of experience with oracle solutions based on cryptocurrency market data. SupraOracles and Kaiko will collaborate to utilize their technological innovations and resources to push DeFi to new heights.
Ambre Soubiran, CEO of Kaiko, commented:
“The Kaiko team is thrilled to be working with SupraOracles, and we plan to collaborate extensively with them in the coming years. The fast growth of the DeFi space comes with higher needs for institutional-grade cryptocurrency market data. By partnering with SupraOracles, Kaiko can further its mission to increase transparency in the digital assets industry.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“High-quality data fosters market efficiency and industry openness. We are excited to collaborate with the Kaiko team, and we admire their commitment to being a leading cryptocurrency market data supplier for institutional investors and businesses.”
SupraOracles connects the worlds of traditional financial markets and web3. The main objective is to provide a comprehensive cross-chain oracle to the developer community. SupraOracles combines real-world data with public and private blockchains, enabling interoperable smart contracts to safeguard the future of financial markets. It also gives developers a toolbox for creating, deploying, and managing data applications that are faster, more agile, and more reliable.
Market participants in the blockchain arena utilize Kaiko’s Enterprise SaaS platform to get credible historical and real-time market data on all traded cryptocurrencies.
Kaiko collects, standardizes, stores, and delivers digital asset market data through their own set of APIs and data packages, which are connected to over 100 exchanges and cover over 70,000 traded instruments.
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