The collaboration brings compliance-ready, auditable prices for 100+ crypto assets in more than 200 currencies.
London, March 02, 2023 — OANDA, a global leader in online multi-asset trading services and currency data and analytics, has partnered with Kaiko, an industry leader in digital asset data for enterprises, to build auditable cryptocurrency pricing.
The partnership combines Kaiko’s extensive crypto market data, comprising 15,000 digital asset pairs, with OANDA’s award-winning exchange rate data that includes rates for over 38,000 currency pairs. Together, auditable and compliance-ready digital asset data products will be made available for tax and audit professionals.
In order for finance professionals to run business operations with confidence in their numbers, auditable foreign exchange and digital asset rates are needed across a variety of financial activities, such as reporting, reconciliation and auditing. Under the collaboration, OANDA and Kaiko’s business and corporate clients will have access to the most accurate prices for both crypto and fiat currencies. The service will allow OANDA’s B2B clients to access auditable crypto/fiat prices powered by Kaiko for their financial reporting needs, while users of Kaiko services will gain access to OANDA’s compliant FX rates (which follow all IFRS and US GAAP standards) through dedicated crypto/fiat and fiat/fiat FX data feeds.
OANDA CEO, Gavin Bambury, said, “This partnership with Kaiko is a great demonstration of our continued efforts to enhance our market data services and support businesses to protect their bottom line. As more enterprises embrace cryptocurrencies as part of their activities, the addition of accurate and transparent cryptocurrency rates to our solutions will enable them to evolve efficiently.”
“We are glad to partner with OANDA to bring IFRS and US GAAP-compliant exchange rates to Kaiko’s data services. Auditable FX rates are essential to a number of financial activities, and it was important for us to link Kaiko’s digital assets market data to a reliable FX data provider like OANDA. Ensuring the best data quality all along the path from crypto exchanges to fiat will reinforce our ambition to create a consolidated data offering bridging traditional and crypto finance.” said Ambre Soubiran, CEO of Kaiko
Founded in 1996, OANDA was the first company to share exchange rate data free of charge on the Internet, launching an FX trading platform that helped pioneer the development of web-based currency trading five years later. Today, the OANDA group - which includes OANDA FX Data Services and other subsidiaries of OANDA Global Corporation - provides online multi-asset trading, currency data, and analytics to retail and corporate clients around the globe, demonstrating unrivaled expertise in foreign exchange.
With regulated entities in many of the world’s most active financial markets, OANDA remains dedicated to transforming how the world interacts with trading, enabling clients to trade global market indices, commodities, treasuries, precious metals, and currencies on one of the fastest trading platforms in the market. For more information visit https://www.oanda.com/group/ or follow OANDA on LinkedIn.
Kaiko is the leading cryptocurrency market data provider for institutional investors and enterprises. We empower market participants with accurate, transparent, and actionable financial data to be leveraged for a range of market activities. Kaiko’s mission is to be the foundation of the new digital finance economy by serving as a single source for market information from both centralized and decentralized marketplaces. For each of our enterprise clients, we build custom data plans designed for trading, valuation, research, integrations, indices and more.