cryptocurrency exchange that is affiliated with Ripple, has been integrated
with Kaiko, a platform that provides institutional grade cryptocurrency market
Kaiko Adds 17 New Cryptocurrency Exchanges
Kaiko announced two days ago that it
had added 17 new cryptocurrency exchanges to its platform. According to the
official announcement, the cryptocurrency exchanges are Binance DEX, Coincheck,
Cobinhood, http://BX.in.th, Coinfloor, Bitlish, Bitbank, BtcTurk, BitForex,
Bitso, BeQuant, ACX, Upbit, Bibox, BigONE, Bit2C, and BitBay. Following the
addition of these 17 exchanges, Kaiko now covers 49 cryptocurrency trading
platforms and is looking to add more every week.
The Kaiko team expressed their
excitement on the addition of these cryptocurrency exchanges, encouraging crypto enthusiasts to “Read
our product update to learn which 17 new exchanges were just added to our data
collection! We will be integrating with even more in the coming weeks.”
The crypto market data platform is
committed to providing people with a complete overview of the cryptocurrency
market. Kaiko said: “As an independent
data provider, one of Kaiko’s main goals is to provide a complete 360° overview
of the digital assets market. For that reason, we continuously add new
exchanges to our collection.”
Kaiko Helped Bitwise With Real Crypto Trading Volume
Last month, BitWise Asset Management,
submitted a report to the United States Securities and Exchange Commission (SEC) which
revealed that roughly 95 percent of Bitcoin’s daily trading volume is fake.
According to Coinmarketcap, the
leading cryptocurrency data platform, Bitcoin records roughly $6 billion
trading volumes daily. However, the BitWise report claimed that the figure is
$273 million, which is just 4.5 percent of the total amount reported. BitWise team
pulled its data from 81 cryptocurrency exchanges, carefully studying the
Bitcoin trading volume, and comparing it to other data such as the traffic
recorded by the trading platforms.
Kaiko was one of the data providers
to BitWise. The data platform tweeted that “We are happy to
have been one of the data providers for the @BitwiseInvest report on fake BTC
volume.” Even though it currently covers just 49 cryptocurrency exchanges,
Kaiko pointed out that they would continue to provide accurate data to both
regular traders and institutional investors.
Despite the revelation by BitWise,
the daily trading volume recorded by Coinmarketcap is high. As at press time,
the daily trading volume of BTC stands at $15 billion. If the report by BitWise
is accurate, then investors and market participants could look for alternative
platforms, aside Coinmarketcap, for information on the crypto space.
Ripple Is A Partner of Bitso
Bitso, one of the cryptocurrency exchanges
integrated into the Kaiko platform is a partner of Ripple. In August last year,
Ripple announced that it has partnered with Bitso to become their preferred
digital asset exchange for xRapid transactions that move via the Mexican Peso.
According to the official blog post by Ripple “Bitso –
through its Mexican Peso liquidity pool – instantly converts the XRP into fiat,
which is then settled into a destination bank account.” Ripple in its
announcement added that Bittrex would be used for xRapid transactions that move
through US Dollars while Coins.ph is used for the Philippine Pesos.
Ripple has affiliated itself with
several financial institutions over the past few years, and it is great to know
that it is partnering with cryptocurrency companies dedicated to providing
honest and excellent services to their clients.