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.

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