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....
Related News
Kraken, a reputable Bitcoin exchange launched trading in Japan at the end of October. With the collapse of Mt. Gox, setting up a reputable and publicly trusted exchange in Japan is no easy task. Kraken has a great record of high transaction volumes as well as reputation for compliance with the law. Even though Kraken boasts credentials, months of work went into launching a regulated and publicly accepted Bitcoin exchange in Japan. Kraken is the only Japan Bitcoin exchange that allows local funding options. I got a chance to interviewKraken CEO Jesse Powell about the Japanese launch and....
Japanese gaming giant Capcom’s networks have reportedly come under attack, with criminals demanding a bitcoin ransom in exchange for not leaking confidential company information to the public.
A subsidiary of South Korean internet and technology giant Kakao has acquired a majority share in a Japanese cryptocurrency exchange, paving the way for the company to integrate its web-based cartoon content with its crypto services. Kakao Piccoma, a subsidiary of Kakao in Japan, has bought more than 50% of the Japanese cryptocurrency exchange Sakura […]
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....
New bitcoin exchange Kraken has finally launched in Japan. Kraken aims to replaces the notorious Mt.Gox as the leader in bitcoin financial exchange industry, doing so in the very place Mt. Gox was based in. During the team’s recent announcement, security and complete trade compliance were mentioned several times. Kraken has had exceptional history in the past operating within the United States and European markets. With full compliance from Financial Services Authority. A spokesperson said this gave them the confidence to launch in Japan. Understandably Japanese bitcoin traders should be....