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29 March 2020

Kraken Acquires Australian Crypto Platform Bit Trade - Bitcoin News

Kraken Acquires Australian Crypto Platform Bit Trade - Bitcoin News


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Kraken Acquires Australian Crypto Platform Bit Trade.

San Francisco-based digital assets exchange Kraken has announced that it has acquired Bit Trade, considered to be the longest-running crypto service in Australia.

“With this acquisition, Kraken will focus on being the premier crypto service in Australia with the best AUD liquidity, trading experience, and support for both institutional and retail clients,” the company stated.

In February it acquired Crypto Facilities, a British digital asset trading platform and index provider in a “nine-figure deal.” Kraken had previously acquired bitcoin exchanges Coinsetter, Cavirtex and Clevercoin, as well as Glidera, a wallet funding business, and Cryptowatch, a trading and portfolio tracking platform.

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