Kraken acquired trading platform and index provider Crypto Facilities

Kraken, the world’s largest global bitcoin exchange in euro volume and liquidity, acquired trading platform and index provider Crypto Facilities in a nine-figure deal. The combination creates a global leader in cryptocurrency spot and futures trading. Exact financial terms were not disclosed. Timo Schlaefer, Crypto Facilities CEO and Founder, said: “It has been our mission to build the most sophisticated, powerful and user friendly cryptocurrency trading platform. Teaming up with Kraken allows us to innovate the next generation of products and tremendously boosts the value we are able to provide to our clients.”