Kraken Expands U.S. Footprint With $100M Small Exchange Acquisition Amid Deri...
Kraken has expanded its U.S. regulatory footprint through the $100 million acquisition of Small Exchange, a Commodity Futures Trading Commission (CFTC)-licensed derivatives trading platform previously owned by IG Group. Related Reading: US House Lawmaker Introduces Bill To Allow Crypto Investments In 401(k) Plans The decision marks a climactic step in Kraken’s bid to bring regulated […]
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The San Francisco-based Bitcoin exchange Kraken has just announced the largest and merger and acquisition deal in Bitcoin exchange history as it has officially acquired major U.S. exchanges Coinsetter and Cavirtex. Kraken will now expand its business operations to the United States and Canada. The digital currency exchange Kraken has quite the lion’s....
The Bitcoin price has been on the rise throughout recent weeks, and it looks like future increases could be on the horizon. Kraken wants to be the go-to platform for European and international Bitcoin enthusiasts. Bitcoin exchanges are always looking to expand their Reach. Kraken, one of Europe’s leading exchange platforms, acquired Dutch company CleverCoin. This acquisition seems to indicate the European Bitcoin market is set for a significant increase in volume. CleverCoin has been making a name for itself among Belgian and Dutch Bitcoin enthusiasts so far. The company’s success has not....
San Francisco-based digital currency exchange has acquired wallet funding service Glidera. The acquisition of Glidera, the terms of which were not disclosed, is the latest for Kraken, which has spent the past year snapping up other startups in the exchange space. In January, Kraken announced that it had bought New York-based exchange Coinsetter, which itself had moved to acquire CAVirtex in April 2015. In June, the exchange expanded its European footprint when it announced the purchase of CleverCoin, based in the Netherlands. As part of the integration of the two services, Glidera – which....
Bitcoin exchange Kraken has announced the acquisition of Dutch bitcoin exchange CleverCoin. to its expansion after previously acquiring New York-based Coinsetter and Canadian bitcoin exchange CAVirtex earlier this year. San Francisco-based bitcoin exchange Kraken has acquired CleverCoin, a Dutch bitcoin exchange based in Eindhoven. The acquisition is only the latest addition to Kraken’s growing presence globally, having acquired New York-based Coinsetter and Canadian exchange CAVirtex in January this year. CleverCoin will halt its services tomorrow, June 29th, before migrating all user....
A spokesperson recently said "$10 billion would be a low valuation" for Kraken. San Francisco-based crypto exchange Kraken has not yet confirmed that it will follow in Coinbase's footsteps by pursuing a public listing, though the company did rule out the possibility of doing so via a special-purpose acquisition company.In a written statement to Cointelegraph, Kraken said it would pursue a direct listing in the event the exchange decided to go public in the United States. This follows speculative reporting from Fox Business’ Charles Gasparino, who yesterday claimed that Kraken was....