Crypto Data Provider Kaiko Acquires Vinter in Bid to Dominate European Crypto Market

The deal comes at a time when the European crypto markets, especially that of the ETFs and ETPs are lagging behind the global giant USA. However, with many developments in the pipeline, the region is poised to become one of the top contenders for crypto investments.

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Nausheen Thusoo
Nausheen Thusoo
Nausheen has three years of devoted experience covering business and finance. She is aware of the constantly changing financial landscape, especially in the rapidly growing cryptocurrency space. Her ability to simplify difficult financial ideas into understandable stories and her analytical thinking make her articles valuable for both novice and experienced readers.She has written about a wide range of subjects, including investing methods, market trends, and regulatory changes pertaining to the cryptocurrency industry. She has worked with Reuter, Coingape and Bankless times. Nausheen blends a talent for narrative with meticulous research skills. She is also skilled at establishing connections with business leaders so they can offer unique perspectives and interviews that enhance their reporting

Crypto data company Kaiko has announced that it will be acquiring Vinter in a bid to expand in Europe. According to Reuters, Kaiko is acquiring the European crypto index provider as an investment for expansion in the European digital asset market.

The deal comes at a time when the European crypto markets, especially that of the ETFs and ETPs are lagging behind the global giant USA. However, with many developments in the pipeline, the region is poised to become one of the top contenders for crypto investments.

The deal also comes at a time when Bitcoin prices have skyrocketed and are set on track for a bull run in the future.

What Is The Deal Valued At?

Reuters highlights that, after the acquisition, Kaiko intends to broaden its range of products to include independent data for exchanges, asset managers, and derivatives traders.

The business did not reveal the Vinter deal amount, but the cash and stock arrangement valued Kaiko at $200 million after the acquisition.

The expectation of the European market’s growth has made many jump on the bandwagon of entering the market and expanding the business in the region.

Reuters mentions that today’s purchase comes after recent industry developments, such as Bitwise Asset Management’s August acquisition of European crypto ETP issuer ETC Group and trading platform Robinhood Markets’ June deal to pay $200 million to acquire European exchange Bitstamp.

European Crypto Markets: Will They Rise In The Future?

With big crypto market players trying to make their way in the European crypto sector, the revenue generation in the next couple of years might see the sector performing well.

At present, researches highlight that in 2024, the European cryptocurrency sector is expected to generate US$14.9 billion in sales.

It is anticipated that this revenue generation will increase at a 3.70% yearly pace (CAGR 2024-2025), reaching a predicted value of US$14.3 billion by 2025.

In 2024, the cryptocurrency sector is expected to generate an average revenue per user of US$68.3. In the coming year, there are expected to be 218.60 million users in the European cryptocurrency sector.

It is anticipated that the user penetration rate will rise from 25.90% in 2024 to 26.03% in 2025. With a strong emphasis on investor safety and regulatory compliance, Germany is setting the standard for Bitcoin adoption in Europe.

Kaiko’s Deal Comes Bitcoin Climbs Higher

Today’s deal comes at a time when Bitcoin’s price is rising, breaking the previous high of $89,000. The news of MicroStrategy’s latest Bitcoin acquisition alongside Donald Trump’s victory in the 2024 US elections seems to be fueling the most recent surge amid overall market optimism.

MicroStrategy has revealed that between October 31, 2024, and November 10, 2024, it paid over $2.03 billion in cash for roughly 27,200 bitcoins, with fees and expenses included. The average price of each bitcoin was approximately $74,463.

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