Kraken Bitcoin Exchange Raises $5 Million
Payward, Inc. today announced the completion of a $5 million Series A round of funding for its Kraken (https://www.kraken.com) division, the innovative digital exchange for Bitcoin, Ripple, Litecoin, Namecoin, Dogecoin, Ven and other digital currencies. Other investors included SecondMarket Barry Silbert's Bitcoin Opportunity Fund, and Trace Mayer, Bitcoin thought leader and angel investor.
At Kraken, foreign exchange markets meet Bitcoin on a secure, regulated platform where customers can trade digital currencies, and enjoy fast deposits and withdrawals enabled by a strategic partnership with German online bank Fidor AG.
"We're excited to get significant funding to grow the Kraken team, improve upon support and deal with the evolving regulatory hurdles globally," said Jesse Powell, founder and CEO of Kraken. "We're looking forward to forging strong bank partnerships in the US and elsewhere in the world, as we have in the EU, to further reduce friction for our growing international client base."
With the rapid pace of financial innovation unleashed by Bitcoin, the United States is in dire need of a domestic digital currency exchange to be on an even playing field with the rest of the world. Although the United States is the largest Bitcoin market, the vast majority of Bitcoin liquidity is held elsewhere. Kraken aims to change that.
For more information about the digital exchange services offered by Kraken, please visit https://www.kraken.com/
About Payward, Inc.
Payward combines years of experience in the virtual goods and currency markets with a highly skilled engineering team and a host of carefully cultivated banking and finance relationships. Kraken (https://www.kraken.com), Payward's full-featured professional digital currency exchange and trading platform, offers advanced trading tools, a sophisticated user interface, robust technical security and full regulatory compliance to traders in digital currencies like Bitcoin, Ripple, Litecoin, Namecoin, Dogecoin, and Ven. Kraken publicly launched on Sept. 9, 2013, and is now the No. 1 Euro exchange in the world. Kraken attributes this success to its robust user interface, strict regulatory compliance and professional array of advanced order types, the result of two years of development.
To find out more about services offered by Kraken, visit: https://www.kraken.com/
Related News
The independent investment fund led by Kraken alumni that’s focused on early-stage companies and protocols, Kraken Ventures, announced the successful closing of its first fund at $65 million. Presently, the fund holds positions in platforms like Hashflow, Pstake, Acala, Blockdaemon, Anchorage, and Messari.
Kraken Ventures Reveals $65 Million Fund I LP
There’s been an enormous amount of money directed toward funds that provide liquidity to early-stage crypto companies and blockchain protocols. Software startups have a plethora of funds to choose from if they develop....
Digital currency exchange Kraken has just received a significant amount of capital - $5 million, in fact - in a funding round led by Hummingbird Ventures out of Europe. SecondMarket CEO Barry Silbert and Trace Meyer also contributed to the funding round. As one of the top-10 digital currency exchanges by volume, Kraken has gained an enormous amount of attention over the course of the past few months with their slick interface and ability to trade more than bitcoin. Other alt-currencies like litecoin, dogecoin, namecoin, and ripple can be traded on the platform. A result of their....
Kraken is planning to hand out more than $10 million in aid for clients affected by the military conflict in Ukraine. The amount covers the fees paid by Ukrainian residents in almost a decade and will also include those withheld from Russian traders in the first half of 2022.
Kraken Exchange to Give $1,000 in Bitcoin to Each Eligible Ukrainian Customer
U.S.-based crypto exchange Kraken is preparing to distribute $10 million to Ukrainian customers suffering from the Russian invasion. Between March 10 and July 1, clients who created an account from Ukraine prior to March 9, 2022,....
Payward, Inc., the owner of US-based digital currency exchange Kraken, announced on 25th March that it has raised $5m in new capital as part of a Series A fundraising round. Kraken, first launched in September 2013, allows users to buy and sell bitcoin, namecoin, dogecoin and Ripple, among other digital currencies. The round was led by Hummingbird Ventures, an early-phase venture capital firm that has invested in digital properties like Dubai-based price comparison platform Souqalmal.com and object-based software defined storage service provider Amplidata in recent months. The funding will....
Singapore-based crypto bank Vauld is working hard to elevate crypto to the status of a separate, viable asset class. It combines the functionality of an exchange with all the essential offerings of a bank, except it’s for cryptocurrencies. Vauld Raises $2 Million The Vauld team just raised USD 2 million from Pantera, Coinbase Ventures, and CMT digital among others, over the last four months. “The investors loved that we were building to solve for banking with cryptocurrencies,” says CEO, Darshan Bathija. As the crypto market dominates financial news and gears up for what....