In a crypto exchange news, it has been reported that Kraken, a San Francisco-based crypto exchange officially acquired the London based Crypt facilities and derivatives of the trading platform. The entire deal was famously curbed as a nine-figure deal. Through this deal, Kraken will soon become the global leader in the cryptocurrency trading. Some of the clients of Kraken are not only retail traders but they are also authorities, institution,and professionals who are making the Kraken as the pioneer in the cryptocurrency industry. The acquired facilities will still be considered as London-based however, it will be going to help Kraken in meeting all the commitments related to the innovation of products and services.
As Kraken buys Crypto Facilities, the CEO of the Crypto Facilities has said in an interview that it has been always their mission to build a user-friendly trading platform for cryptocurrency and now that they have teamed up with Kraken they are getting an opportunity to bring innovation in their next generation product and can massively boost the value of the services they provided to their clients.
Largest Acquisition to Date
The CEO of Kraken has made a statement in the press that this has been the largest acquisition of the Kraken and in coming months they will going to expand and enhance their teams for future offerings. In the coming years, they will provide great indexing products to traders and institutional clients. Advanced trading, charting and tracking tools to be delivered for a seamless experience.
Major Winners on Market Cap Analysis
In the recent selloff, there are few cryptocurrencies who have shown great value and one such is EOS price who has outperformed the tether and has gained the spot in top 5 cryptocurrencies in the market. It has gained 2% value and has shown some signs of recovery in the market.