Kraken have acquired Crypto Facilities for at least $100 million
|- Kraken has bought Crypto Facilities a UK regulated futures provider in an undisclosed nine-figure deal.
- Given this recent move, Kraken will be looking to cover greater ground within the European market.
The U.S. based cryptocurrency exchange, Kraken are reported to have acquired a crypto futures provider based in the United Kingdom, Crypto facilities. This was according to an official company press releases today – 4th February.
It is worth noting, Crypto Facilities are a fully FCA regulated organization and have been in operation since 2015. This is a move that will give Kraken a strong foothold within the European market, particularly given the regulation.
Both parities have not provided the details of the deal, however it was quoted to have been a “nine-figure deal.” Kraken CEO Jesse Powell said, “We are excited to introduce eligible clients to these industry leading futures and index products,”
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