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Bitcoin exchange Kraken has announced the acquisition of Dutch bitcoin exchange CleverCoin. to its expansion after previously acquiring New York-based Coinsetter and Canadian bitcoin exchange CAVirtex earlier this year.
San Francisco-based bitcoin exchange Kraken has acquired CleverCoin, a Dutch bitcoin exchange based in Eindhoven. The acquisition is only the latest addition to Kraken’s growing presence globally, having acquired New York-based Coinsetter and Canadian exchange CAVirtex in January this year.
CleverCoin will halt its services tomorrow, June 29th, before migrating all user accounts and funds to the Kraken platform in a process that is expected to take a few hours.
Kraken CEO Jesse Powell spoke about the acquisition at a time when prices of cryptocurrencies are rising, stating his intent to expand Kraken’s services across Europe, its primary market.
“Our MA plans have been accelerated by encouraging news throughout the industry,” he stated. “Prices are rising, the regulatory picture is rapidly clarifying,