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....


Related News

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 resources to....

Bitcoin Exchange Kraken Lands Multi-million Dollar Investment from Japanese Venture Capital Firm SBI

Bitcoin exchange Kraken announced a multi-million dollar agreement with SBI Investment, one of Japan’s leading and most respected venture capital firms, to invest in and lead the Series B round of financing in Kraken. SBI Investment is the venture capital arm of SBI Holdings, the world’s first Internet-based financial conglomerate. The terms of the deal were not disclosed. SBI Investment is a unit of SBI Holdings, an Internet-based financial conglomerate with operating revenues of more than $2 billion in 2015 and operating income of around $570 million. The SBI Group consists of 208....

Industry Report: Kraken, Others Receive Large Investments

Want to see what’s new in the world of cryptocurrency? This week, we saw big investments coming into the Bitcoin ecosystem, notably a funding round from Kraken. Take a gander at some of the latest stories: It’s a week of investments for cryptocurrencies as Bitcoin exchange Kraken received a hefty sum during its Series B stage of financing from Money Partners Group in Tokyo, one of Japan’s leading foreign exchange brokerages. The firm holds nearly 300,000 clients and boasts a market cap of over $250 million. Kraken had also previously received a “multi-million dollar agreement” from....

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, an Internet-based financial group that reported an operating revenue of....

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....