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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So my view’s quite clear. I believe cryptocurrencies, Bitcoin is the first example, I believe they’re going to change the world.

Richard Brown, Executive Architect for IBM UK