Kraken acquires Crypto Facilities, its largest deal to date


Kraken acquires Crypto Facilities in nine-figure deal

The digital asset exchange Kraken has just announced that it has acquired the regulated cryptocurrency trading platform and index provider Crypto Facilities.

crypto facilities

Crypto Facilities is London-based and is the first FCA regulated entity to list futures on Bitcoin, Ethereum, Ripple XRP, Litecoin and Bitcoin Cash. The company provides CME CF Bitcoin Reference Rate that powers the CME Group’s Bitcoin futures.

Kraken’s clients will now have access to futures on six cryptocurrency pairs.

This is Kraken’s largest deal to date.

Jesse Powell
Jesse Powell

I’m thrilled to welcome the Crypto Facilities team into the Kraken family,” said Kraken CEO Jesse Powell. “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.

Timo Schlaefer, Crypto Facilities CEO and Founder, commented:

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.

Kraken’s previous acquisitions include major Bitcoin exchanges Coinsetter, Cavirtex and CleverCoin; the wallet funding service Glidera; and the multi-exchange charting, trading and portfolio tracking platform Cryptowatch.

Related News

arrow

Kraken acquires Crypto Facilities, its largest deal to date

1

Send this to a friend