SBI and Kraken Announce Multi-Million Dollar Deal

SBI and Kraken Announce Multi-Million Dollar Deal

Just after its big merger with North American Bitcoin exchanges, Coinsetter and Cavirtex, Kraken has announced a multi-million dollar deal with the leading Japanese firm SBI Investment. The $2 billion dollar venture capital conglomerate will lead Kraken’s series B investment round. Today the global Bitcoin exchange Kraken has joined forces with SBI Investment with an undisclosed deal. This is a new “milestone,” Kraken says, as it has just acquired more leverage with its North American acquisition. The partnership with SBI is meant to increase its global services worldwide and the Kraken....


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Japanese Financial Giant Invests in Bitcoin Exchange Kraken

Japanese venture capital firm SBI Investment is leading a Series B funding round in bitcoin exchange Kraken. While the terms of the deal were not disclosed, Kraken said that a “multi-million dollar” investment had been agreed upon with SBI. Kraken did not say when it expected the Series B round to be completed. “It’s a fantastic first step toward completing Series B, which will ultimately enable us to scale our business worldwide,” said Kraken CEO Jesse Powell. SBI Investment is the venture capital arm of SBI Holdings,....

Bitcoin Exchange Kraken Secures Multi-Million Dollar Deal from SBI Investment

Global bitcoin exchange Kraken has secured a multi-million dollar agreement with SBI Investment, the venture capital arm of SBI holdings, the world’s first internet-based financial conglomerate. The deal comes less than two weeks after Kraken’s acquisition of Coinsetter and Cavirtex, two of the most prominent exchanges in the U.S. and Canada. With a strong strategic partner like SBI investment, Kraken hopes to reach yet another milestone in 2016. Over the next few months, the bitcoin firm will focus on scaling its business worldwide, establishing necessary infrastructure and....

Kraken Announces New Fee Structure

Founded in 2011, the San Francisco-based Kraken exchange is the leading Bitcoin exchange for professional traders who demand fast execution, innovative features, exceptional support, and high security. Kraken is trusted by hundreds of thousands of traders, the Tokyo government and court-appointed trustee, and BaFin regulated Fidor Bank, with an exclusive partnership and full regulatory compliance. The company is the leading Bitcoin exchange for Euros while also supporting several other currencies like the US dollar, Canadian dollar, and the Yen. Kraken is consistently rated the top Bitcoin....

Largest M&A Deal In Bitcoin Industry – Kraken Acquires Coinsetter and Cavirtex

One of the world’s major Bitcoin exchanges Kraken has just announced today the largest M&A deal in Bitcoin industry and acuired two of the oldest BTC exchanges - Coinsetter and Cavirtex. Kraken is now officially coming to North America. According to the official press release: Coinsetter was founded in 2012 and became one of America’s most prominent national bitcoin exchanges, while Cavirtex is the oldest bitcoin exchange in Canada since 2011. “Kraken will fully absorb both Coinsetter and Cavirtex brands in the acquisition. Client accounts of both exchanges will be automatically....

Kraken Launches Across Canada with Vogogo

Kraken Bitcoin Exchange. Payment processor and security provider Vogogo has partnered with Kraken to bring Kraken's exchange services to Canada. The new partnership and expansion also equates to a new Canadian dollar/Bitcoin exchange that Kraken will provide. All exchanges are constantly looking for ways to gain a competitive edge and moving to another country also to the one you started in; that's a good way to expand your business. This is exactly what Kraken has done. The exchange said Canadians who use its service would benefit from low fees and good technology. It's hard to tell if....

Quotes

Bitcoin is an implementation of Wei Dai’s b-money proposal on Cypherpunks in 1998 and Nick Szabo’s Bitgold proposal.

Satoshi Nakamoto, Bitcoin Developer