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As Seen In

Indices

06/01/2026 Data Debrief
The Rise and Repricing of Digital Asset Treasuries
As digital assets mature and market structure deepens, corporate and institutional crypto holdings are being reclassified from speculative bets to managed treasuries. Instead of sitting passively on balance sheets, these positions are increasingly treated as a distinct asset pool, with dedicated strategies for liquidity, risk, and yield.

Written by Laurens Fraussen
Derivatives

29/12/2025 Data Debrief
Santa Rallies, Cycles, and Year-End Reflections for Bitcoin
As markets approach the end of the year, Bitcoin finds itself at a familiar crossroads, caught between cyclical behavior and a steadily developing market. While year-end seasonality has historically played a role in shaping price action, recent data suggests that cyclical drivers are increasingly dominant.

Written by Laurens Fraussen
Derivatives

22/12/2025 Data Debrief
Crypto in 2026, What Breaks, What Scales, What Consolidates
Crypto markets enter 2026 in a markedly different position than in prior cycle transitions. Rather than resetting after a speculative peak, the market appears to be progressing through a phase of institutional consolidation.

Written by Thomas Probst
Year in Review

01/12/2025 Data Debrief
Kaiko Research's Top 10 Charts of 2025
In this report, we look back on 2025 and the key forces that shaped markets. From BTC record highs and fleeting altcoin rallies to major liquidation events and evolving regulation, we examine what shaped a seminal year for crypto.

Written by Adam Morgan McCarthy

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Partner Report

18/12/2025
The State of Liquidity on Korean Crypto Markets
Korea is among the most influential crypto markets, and we focus on analyzing how to measure and understand its liquidity. This report analyzes the key signals that allow for accurate reading of crypto liquidity across Korean exchanges.
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Partner Report

18/12/2025
Liquidity Flywheel Drives Binance to 300 Million Users
Binance reached 300 million registered users in December 2025, eight years after launching. The exchange built liquidity conditions that separated it from competitors, not through guaranteed dominance, but through execution reliability, infrastructure investment, and design choices that compounded across that period. It now processes over $20 billion in daily spot volume across 1,630 trading pairs, maintaining depth that supports both retail and institutional execution with minimal slippage.
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Report

28/11/2025
Better Plumbing for Crypto Derivatives
Canton is an attractive environment to test and scale these mechanics because it already carries tokenized collateral workflows in production, with permissioned privacy and deterministic execution.
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