OANDA, an online multi-asset trading services provider, has declared an alliance with Kaiko, a digital asset data supplier, to create auditable cryptocurrency pricing.
Through the cooperation of Kaiko and OANDA, tax and audit experts now have access to a range of reliable and compliant digital asset data products. Kaiko supplies a range of 15,000 crypto market data pairs, while OANDA provides a range of 38,000 currency pair exchange rates. This combination of resources provides an invaluable resource for professionals to work with.
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”.
The CEO of Kaiko, Ambre Soubiran, said:
“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”.
Under the terms of their collaboration, OANDA and Kaiko have agreed to provide their respective business and corporate customers with reliable prices for both digital and traditional currencies.
This service will empower OANDA’s B2B customers to get verifiable crypto/fiat prices through Kaiko for their financial reporting requirements, while Kaiko’s users will have access to OANDA’s compliant FX rates (which conform to IFRS and US GAAP standards) through separate crypto/fiat and fiat/fiat FX data feeds.
