Kraken has just released a press statement announcing the acquisition of London UK-based Crypto Facilities. Crypto Facilities is a digital asset derivatives trading platform and index provider. The nine-figure deal is Kraken’s largest to date, and also one of the largest in the crypto industry.
I’m thrilled to welcome the Crypto Facilities team into the Kraken family[.] We are excited to introduce eligible clients to these industry leading futures and index products. Over the coming months, our teams will continue to enhance and expand these offerings. We’ve got great stuff in store for traders and institutional clients in 2019.Jesse Powell, Kraken CEO
The acquisition positions Kraken to become one of the largest regulated competitors for both retail and institutional clients.