A few years ago, the crypto sector suddenly came onto the world stage via the rapidly rising Bitcoin prices. More in the shadows, a professionalization process is now underway, which is partly shaped by talented companies. Hence, seven crypto companies to keep an eye on.
Kaiko Data † crypto market data provider
Founded in 2014, Kaiko provides market data in blockchain-based digital assets and provides institutional investors and market participants with a robust data infrastructure. The startup collects, normalizes, stores and distributes asset market data via a livestream WebSocket, REST API and cloud-based flat file data feed (.csv), which customers can connect to to build data-driven applications. Our raw trading data, order books and aggregates span over 20,000 currency pairs on over 85 exchanges, with new markets emerging every day. With over five years of historical data, Kaiko offers the industry's most comprehensive digital asset datasets. “The capital market industry is definitely less creative than it used to be, and that's one of the things that drove me to crypto, there's still so much room to build,” said CEO Ambre Soubiran to Irish Tech News.
crack – cryptocurrency exchange
Kraken is one of the largest and oldest cryptocurrency trading platforms in the world – and still less than a decade old. It facilitates the buying and selling of cryptocurrencies, focusing on service, low costs, versatile financing options and strict security standards. In addition to low-threshold trading for consumers, it also focuses strongly on institutional clients, such as investment banks, brokers and companies that trade via algorithms. In September of this year, it got the first ever US crypto banking license. “I think this is a landmark development in crypto business development,” states Chief Legal Officer Marco Santori† “This represents the development of an efficient, transparent, accountable connection between the world of traditional finance and the evolving crypto ecosystem.”
ChainSlayer – virtual quant environment
With its Quant Desk, the Dutch ChainSlayer offers crypto traders a 'virtual quant environment', with integrated data, tools and tutorials. This is to test trading strategies, powered by access to historical and real-time data for spot and derivatives markets. This concerns cleaned and normalized data. Users of the platform also become part of a community, where they can expand their knowledge and skills and get to know like-minded people. The company saw through conversations with crypto investors that there is a lot of inefficiency in collecting and using data. Everyone has built a solution for it, which is expensive to realize and maintain, and often not easy to use. Reason for the startup to respond to this, explains CEO Ekin Tuna.
Bitwala † crypto bank
This Berlin startup has set itself the goal of fully integrating cryptocurrencies with the (existing) financial world. And it does this by offering a bank account for daily savings and payments, with integrated wallets for easily sending and receiving Bitcoin and Ether. Because Bitwala pays interest on the bitcoin credit, customers also earn in this way by purchasing the crypto currency. The company is doing well. Since the beginning of this year, more than one hundred thousand new customers have joined, from 32 European countries. “Once you have an account, you can seamlessly integrate your daily banking activities – in Bitcoin or Euro – into your daily life”, explains CEO/CTO Benjamin James.
bit stamp † cryptocurrency exchange
By the standards of the fledgling crypto business, Bitstamp, operating under the Luxembourg flag, has been around for quite some time since its foundation in 2011. At the time, the trading platform was created as a European counterpart to the American example. Starting with Bitcoin, there are now countless cryptocurrencies to buy and sell via the platform. Founder Nejc Kodrič sold his company in 2018 to the Belgian investor NXMH. Not only because he saw a shared vision with the lender, but also because consolidation was a logical step in the professionalizing market, according to Kodrič.
Block data – market information platform
Blockdata is a Dutch market information platform for blockchain and other distributed ledger technology (DLT). The company was founded in early 2018 by some friends with a shared frustration: there was simply no good way to find information about blockchain projects. The platform provides an overview of trends, financing and product features in one place, based on more than three thousand projects. Earlier this year, Blockdata was acquired by the American technology insights platform CBinsights. “This acquisition enables us to grow our team in Amsterdam and continue to develop next-gen tools that allow people to follow the development of this technology (blockchain, ed.)”, according to Jonathan Knegtel, co-founder of Blockdata.
SEBA bank † crypto bank
SEBA bank AG is a licensed and supervised Swiss bank that provides a bridge between digital and traditional assets. Users can manage and trade their cryptocurrencies, digital assets and conventional securities in one place. The bank went live eighteen months after it was founded in late 2019. Customers should be able to take full advantage of the opportunities offered by the new asset classes without sacrificing security, the company believes. Among other things, by using the SEBA Card, which can be used at 42 million points of sale worldwide. “The SEBA card represents an important step towards the mass adoption of cryptocurrencies”, says CEO Guido Bühler.
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