Real-time market data will now become more accessible to users as BSO, an Ethernet network, hosting and cloud provider, and Kaiko, an institutional grade crypto market data provider, join hands to deliver real-time data directly to their clients.
The data will be collected from connected crypto exchanges and the first users to get this service will be those of New York-based Gemini exchange.
Gemini’s Institutional Grade Data Provision
Gemini is the first cryptocurrency exchange to have collocated its servers into an institutional grade data center. This allows for cross-connect implementation enabling Kaiko clients to access the data directly. BSO will deliver a live-streaming low-latency secure market data feed from Equinix NY4 for the existing investors at Gemini.
Gemini began in 2014 as a digital asset exchange and now provides custodial services as well. Customers can buy prominent cryptocurrencies from their platform. They have also launched GUSD or Gemini Dollar; a USD backed crypto stablecoin which is fully backed by fiat currency reserves and is a regulated crypto offering as well.
Gemini, a New York trust company, has complied with the cybersecurity and capital reserve requirements of the state. It follows the standards designed by the New York Department of Financial Services and the New York Banking Law.
Jeanine Hightower-Sellitto, Gemini’s Managing Director of Operations, commented on the new service, saying:
“It is excellent news that the infrastructure around market data is evolving and that Kaiko is now providing enhanced connectivity to market participants. We expect that this direct access will support a wider range of market participants as demand continues to grow.”
The Second Phase of the Project
In Phase Two, coverage will be extended to additional exchanges and new sources of data will be delivered to participants waiting for improved infrastructure around crypto market data.
Kaiko CEO Ambre Soubiran noted that the digital assets industry and market participants need reliable and transparent trading data. Soubiran said that granular and high-quality data is essential to all, whether it is a crypto fund or an institutional investor.
BSO CEO Michael Ourabah added that their network is engineered to deliver institutional grade services to clients and they are “proud” to support the crypto community.