Bitcoin Exchange Kraken Secures Investment from Japan's Leading VC Firm
Japan’s leading venture capital firm SBI Investment has been revealed as the lead investor in the Series B round of financing in bitcoin exchange Kraken. In an announcement via a press release today, bitcoin exchange Kraken revealed it had secured a “multi-million dollar agreement” with SBI Investment. The exact terms of the deals weren’t disclosed. SBI Investment is the venture capital arm of parent company SBI Holdings, a conglomerate that deems itself as the world’s first internet-based financial group of the kind. The conglomerate is made up of some 208 companies with revenues of $2....
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One of the largest bitcoin and cryptocurrency exchanges in the world, Kraken, has announced an investment from a leading Japanese foreign exchange brokerage, in the exchange’s Series B round of financing. Cryptocurrency exchange Kraken has announced an investment from Tokyo-based Money Partners Group as a part of its Series B round of financing, in a press release today. Money Partners Group holds a market cap of over $260 million and is among the leading foreign exchange brokerages in Japan with over 270,000 client networks. The terms of the investment were not disclosed. This would mark....
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....
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....
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 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....