OANDA and Kaiko partner for auditable crypto/fiat pricing

Rick Steves

Users of OANDA services will get auditable crypto/fiat prices powered by Kaiko’s crypto market data. In return, users of Kaiko services will get access to OANDA compliant FX rates through a dedicated crypto/fiat and fiat/fiat FX triangulation endpoint.

Kaiko has teamed up with OANDA to build auditable pricing for digital assets that meet financial compliance requirements. The upcoming product line is expected to launch in the coming weeks.

Combining Kaiko’s extensive crypto market data comprising 13,000 spot pairs with OANDA’s Exchange Rates for 38,000+ currency pairs and 200+ currencies, the partnership aims to deliver auditable digital asset data products.

Compliant with IFRS and US GAAP standards

OANDA is a top provider of multi-asset trading services and currency data and analytics since online trading first appeared in the 1990s. The industry is increasingly aware that crypto is not going away anytime soon, which prompted OANDA to tap the enterprise digital asset specialist and add new products to its offering.

The end goal is to deliver the most accurate prices for both crypto and fiat currencies. Users of OANDA services will get auditable crypto/fiat prices powered by Kaiko’s crypto market data. In return, users of Kaiko services will get access to OANDA compliant FX rates (following all IFRS and US GAAP standards) through a dedicated crypto/fiat and fiat/fiat FX triangulation endpoint.

Gavin Bambury, Chief Executive Officer at OANDA, commented: “We are pleased to be partnering with Kaiko, the leading cryptocurrency market data provider. As corporates are increasing their engagement and use of crypto currencies in daily business activities, adding accurate and transparent cryptocurrency rates is a critical milestone in our market data offering.”

Ambre Soubiran, Chief Executive Officer at Kaiko, 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”.

David Hodge resigned from OANDA

In late 2021, David Hodge announced he resigned from his position of Global Chief Revenue Officer and EMEA CEO at OANDA. David Hodge has decided to make a new move, which will only take effect in the Spring of next year. OANDA has confirmed the news and will certainly be looking to fill his position.

“We can confirm that David Hodge has resigned from his position as Chief Revenue Officer at OANDA to pursue a new career opportunity in Spring 2022.  David is currently working through his agreed commitments.”

The FX broker has also recently upgraded its Advanced Trader loyalty program in the US to offer high-volume clients the option of cash rebates.

With an OANDA Advanced Trader account, clients can now earn rebates up to USD15 per million based on their deposits and monthly trading volumes.

Alternatively, traders can opt into OANDA’s core pricing model and choose to reduce their commission fees by up to USD15 per million instead, offering greater flexibility than ever before.

Read this next

Inside View

Industry Leaders Share Insights on Framing Crypto Payments into FX Brokerage Business

While the allure of crypto payments is strong, caution is essential. The potential benefits in terms of speed, lower fees, and blockchain efficiency need to be weighed against the risks associated with cryptocurrency volatility. 

Institutional FX

FXSpotStream volumes hit 14-month high in November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2023, which moved higher on a monthly basis.

Digital Assets

Circle denies ties with Palestinian groups, TRON founder

Stablecoin issuer Circle has denied allegations that it facilitates funding for terrorist organizations.

Retail FX

CySEC hits operator of Titanedge, TradeEU with €90,000 fine

The Cyprus Securities and Exchange Commission (CySEC) announced that it has imposed a fine of €90,000 on Titanedge Securities Ltd due to shortcomings in their regulatory obligations.

Institutional FX

Cboe FX volumes retreats slightly in November 2023

Cboe’s institutional spot FX platform today announced its trading volume for the month ending November 2023, which took a step back after a strong rebound in October.

Institutional FX

Alpha Group seals Cobase majority acquisition

Foreign exchange service provider Alpha Group International plc (AIM: ALPH) has finalized its acquisition of Financial Transaction Services, operating as Cobase.

Digital Assets

TMNG Tokens Successfully Listed on MEXC Crypto Exchange

TMN Global proudly announces the successful listing of its native TMNG token on the MEXC crypto exchange, effective December 1st, 2023. This strategic partnership marks a significant milestone for TMN Global in the crypto space.

Institutional FX

Marex completes acquisition of TD Cowen’s PB business

London-headquartered commodities broker Marex has completed the acquisition of TD Cowen’s prime brokerage and outsourced trading business, which will be integrated into Marex’s capital market division. This division was established following the acquisition of ED&F Man Capital Markets in 2022.

Digital Assets

Talos introduces decentralized liquidity and onchain settlement with Uniswap and Fireblocks

“At the cornerstone of the DeFi ecosystem, Uniswap has the breadth of assets and depth of liquidity that institutional traders need. And to have this partnership powered by Fireblocks, a digital assets infrastructure provider trusted by some of the most renowned institutions, is very fitting.”