Kraken Completes Biggest Crypto Deal in 2019: Massive $100M Acquisition That May Boost Europe

The San Francisco company announced Monday that the “nine-figure” acquisition would enable its customers to trade crypto-related futures and spots. In retrospect, Kraken would now be able to offer futures trading involving Bitcoin, Bitcoin Cash, XRP, Litecoi, and Ether trading pairs – all by integrating Crypto Facilities’ features.Founded in 2014, Crypto Facilities is the UK’s first crypto futures service that is registered with the Financial Conduct Authority. Atop that, the London startup also calculates the CME CF Bitcoin Reference Rate, a regulated index that powers the CME Group’s Bitcoin future. The startup confirmed that both it and Kraken had also received approval from the UK regulator to go ahead with the acquisition.
Before Crypto Facilities, Kraken had acquired major Bitcoin exchanges such as Coinsetter, Cavirtex, and CleverCoin. The company also has taken over Glidera, an award-winning wallet funding service; and the popular charting, trading, and portfolio tracking platform Cryptowatch.

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