Kraken Snatches Two Competitor Exchanges, Expands to North America

Kraken Snatches Two Competitor Exchanges, Expands to North America

The San Francisco-based Bitcoin exchange Kraken has just announced the largest and merger and acquisition deal in Bitcoin exchange history as it has officially acquired major U.S. exchanges Coinsetter and Cavirtex. Kraken will now expand its business operations to the United States and Canada. The digital currency exchange Kraken has quite the lion’s share of euro volume and liquidity within its marketplace operations. Now with the combination of these two services Coinsetter from New York and Cavirtex from Canada the company will absorb both of these companies’ customer base.


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Quotes

So the Bitcoin experience gives us a glimpse of Libertarian paradise: What life would be like with as little government interference as possible, in a market free of burdensome laws and taxes. Unfortunately, that experience looks like a total nightmare. It's characterized by radical instability, chaos, the rise of a boss-class of criminals who assassinate people they don't like, and a mass handover of wealth to a minority even smaller than the 1% that currently

Jim Edwards, Founding editor of Business Insider UK