Flying High: Kraken Brushes Off Bitcoin Bear Market with Nine-Figure Crypto Futures Market Acquisition

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Flying High: Kraken Brushes Off Bitcoin Bear Market with Nine-Figure Crypto Futures Market Acquisition


Kraken announced today its acquisition of Crypto Facilities, the first regulated firm in the world to offer futures on crypto assets several years back. The move could put Kraken, currently the 46th largest bitcoin exchange by adjusted volume, on track to the top 10. Acquisition Worth At Least $100 Million Kraken’s press release doesn’t say exactly how much they’re paying for Crypto Facilities. They use the term “nine figures,” which means at least $100 million. Last year, the company conducted a round of layoffs that were a bit perplexing. Kraken CEO Jesse Powell later confirms that 57 employees laid off

The post Flying High: Kraken Brushes Off Bitcoin Bear Market with Nine-Figure Crypto Futures Market Acquisition appeared first on CCN

Posted by P. H. Madore on February 4, 2019 @ https://www.ccn.com/flying-high-kraken-brushes-off-bitcoin-bear-market-with-nine-figure-crypto-futures-market-acquisition

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