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....
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In a significant announcement today, the largest ever deal of its kind in the Bitcoin industry saw leading European bitcoin exchange Kraken acquire bitcoin exchanges Coinsetter and CaVirtEx. In a statement today, Kraken announced it is acquiring New York-based exchange Coinsetter and Canada’s first bitcoin exchange CaVirtEx. The world’s largest bitcoin exchange will fully absorb both exchanges to expand its scope with “an immediate and significant expansion into the North American market,” the statement read. The undisclosed deal will see Kraken enter the United States with its exchange....
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....
Bitcoin exchange Kraken has announced it has purchased Coinsetter in what amounts to one of the larger mergers of notable brands in the bitcoin ecosystem. As a result of the undisclosed deal, Kraken’s exchange will now be available in 37 US states as well as all 10 Canadian provinces. Coinsetter had previously acquired Canadian bitcoin exchange CAVirtex in April, months after it would close citing security concerns. The sale of New York-based Coinsetter, rumored for months, follows an influx of new and well-capitalized entrants in the US bitcoin exchange market, which has seen startups....
New York based global Bitcoin exchange Coinsetter recently assumed the possession of CAVIRTEX, another Bitcoin exchange from Toronto that ceased business operations earlier this year. The acquisition marked one of the first major consolidationa between two big companies in the ever-growing digital currency space. It particularly came as good news for CAVIRTEX customers who will now be able to resume their trading operations on one of the most reliable Bitcoin exchanges Canada has ever seen. Coinsetter's New Role in Canadian Bitcoin Market. The details of the deal between Coinsetter and....
The world’s largest Bitcoin exchange by euro volume, Kraken, acquired New York City-based exchange Coinsetter and Canada’s first exchange, Cavirtex, on January 19, enabling an immediate expansion into the North American market. In a related deal, Kraken also secured a strategic partnership with American payment provider SynapsePay, enabling institutional clients and individuals in 37 states to process domestic deposits and withdrawals in American dollars. The acquisition of Coinsetter enabled Kraken to enter the U.S. market with ease, using the advanced trading infrastructure of Coinsetter....