THELOGICALINDIAN - Kraken has connected its contempo bacchanalia of acquisitions by purchasing Netherlandsbased barter CleverCoin for an bearding sum
Also read: Kraken Snatches Two Competitor Exchanges, Expands to North America
Kraken Acquires CleverCoin
CleverCoin’s absolute barter will be switched to the Kraken belvedere about immediately, starting June29th. Account holders will be directed to Kraken to amend their information.
CleverCoin was one of the aboriginal bitcoin exchanges in The Netherlands, and has “thousands of clients.” Its accretion sees Kraken consolidate its position as one of Europe’s better cryptocurrency trading platforms.
Faster Transfers for SEPA Customers
In a statement, CleverCoin CTO and co-founder Karsten Nilsen said:
CleverCoin was founded in 2013 and got its antecedent alpha as allotment of cryptocurrency broker Adam Draper’s BoostVC accelerator program.
The Kraken Rises
Founded in 2011, Kraken was accepted afore 2016 as a predominantly European barter and main disciplinarian of the BTC-EUR price. Headquartered in San Francisco, it fabricated its aboriginal big comedy for the North American bazaar in January by accepting US-based Coinsetter and Canada’s Cavirtex.
Kraken additionally operates in Japan, area it manages the Mt Gox claims process on account of the Japanese defalcation trustee. It trades above authorization currencies in all regions in which it operates, additional GBP and CAD. The barter offers bitcoin, litecoin, dogecoin, ether, DAO and Ripple’s XRP.
Kraken CEO Jesse Powell said Kraken’s M&A affairs accept been accelerated by auspicious account throughout the agenda bill industry.
Kraken’s account said it has apparent a accelerated access in euro-based trading for both BTC and ETH in contempo months, with volumes accretion four times or more.
Since acquiring Coinsetter and Cavirtex, it additionally saw all-overs in North American account barter volumes – including XBT/USD (13x increase), ETH/USD (30x increase), XBT/CAD (50x increase), and ETH/CAD (6x increase).
Kraken additionally completed Series B allotment deals earlier in 2016, led by Japanese adventure armamentarium SBI Investment additional Japanese FX allowance Money Partners Group.
It was one of the aboriginal exchanges to action trading in Ethereum’s bill ether, and aftermost ages appear the aboriginal ether ‘dark pool’ and leveraged ether trading.
Is Kraken’s accretion acceptable account for European traders? Do you predict small crypto exchanges will gradually abandon over the advancing years?
Images address of Kraken, japantimes.co.jp
