Bitcoin Exchange Kraken Acquires Coinsetter, Launches US Trading
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....
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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....
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....
The San Francisco-based exchange, which had left the US markets in 2014 citing issues with banking partners, aims to utilize Coinsetter’s presence to reestablish itself in the North American region. Bitcoin exchange Kraken today announced that it is acquiring Coinsetter, another Bitcoin exchange with deep roots in the US and Canada. The San Francisco-based exchange, which had left the US markets in 2014 citing issues with banking partners, aims to utilize Coinsetter’s presence to reestablish itself in the North American region. As confirmed by CEO Jesse Powell, Kraken is looking to....
Dutch Bitcoin exchange, CleverCoin has been acquired by the popular San-Francisco Bitcoin exchange, Kraken just months after getting Cavirtex and Coinsetter, also Bitcoin exchanges. After acquiring two exchanges already, Kraken still seemed to be looking to expand its user base and decided to merge the popular Netherlands-based exchange into Kraken which allows Kraken to expand into Europe. This is one of Kraken’s most popular markets and will certainly improve Kraken’s Euro trading pairs. Why CleverCoin? A graduate of Boost VC, Eindhoven-based CleverCoin was founded in 2013 and backed by....
Bitcoin exchange Kraken has announced the acquisition of Dutch bitcoin exchange CleverCoin. to its expansion after previously acquiring New York-based Coinsetter and Canadian bitcoin exchange CAVirtex earlier this year. San Francisco-based bitcoin exchange Kraken has acquired CleverCoin, a Dutch bitcoin exchange based in Eindhoven. The acquisition is only the latest addition to Kraken’s growing presence globally, having acquired New York-based Coinsetter and Canadian exchange CAVirtex in January this year. CleverCoin will halt its services tomorrow, June 29th, before migrating all user....