Kraken Acquires Crypto Facilities as they Eye Futures Trading

U.S. based cryptocurrency exchange Kraken has agreed to acquire London based Crypto Facilities as they make a push into futures trading; the FT reports that the deal is worth 9 figures, Crypto Facilities lists futures for bitcoin, ethereum, ripple, XRP, litecoin and bitcoin cash; the deal will make Kraken one of the largest venues in the world for trading cryptocurrencies; Jesse Powell, chief executive of Kraken tells the FT, “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.” Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.