Kraken Acquires London-based Crypto Derivatives Trader, Crypto Facilities For Over $100 Million

Breaking: Kraken Acquires London-based Crypto Derivatives Trader, Crypto Facilities

World’s most secure exchange with the highest euro transaction volume has acquired London-based world-leading regulated cryptocurrency trading platform and index provider Crypto Facilities. The firm which Kraken acquired for over $100 million is a leading regulated exchange in Europe. CEO of Kraken Jesse Powell said:

“We are excited to introduce eligible clients to these industry leading futures and index products. Over the coming months, our teams will continue to enhance and expand these offerings. We’ve got great stuff in store for traders and institutional clients in 2019.”

Kraken is one of the largest exchanges with more than 4 million users including professionals, institutions and authorities spread in 190 countries around the world. It offers trading services for 20 cryptocurrencies with over 70 trading pairs.

Speaking of Crypto Facilities’ dream and the merger with Kraken, its CEO and Founder Timo Schlaefer said:

“It has been our mission to build the most sophisticated, powerful and user friendly cryptocurrency trading platform. Teaming up with Kraken allows us to innovate the next generation of products and tremendously boosts the value we are able to provide to our clients.”

This partnership is a major milestone for Kraken as it starts the new year. It has also provided a means to spread its services to the European market with Crypto Facilities being located in the heart of London. It is described as the largest acquisition the mega-exchange has ever had since it was founded in 2011.

Crypto Facilities being a regulated exchange will also increase the trust of crypto traders around the world. This is sure to improve patronage for Kraken as more traders will be more confident to deal with the exchange also considering the fact that it was named the most secure in the world.

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Kraken has been expanding its coast with the acquisition of other exchanges such as major Bitcoin exchanges Coinsetter, Cavirtex, and CleverCoin. With this new acquisition, will Kraken trading volume increase and probably make it the number one crypto exchange in the world?