Kraken Acquires Dutch Bitcoin Exchange CleverCoin

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acquisition, merger

San Francisco-based digital banking sell Kraken is creation nonetheless another acquisition, scooping adult Dutch sell CleverCoin.

The understanding is Kraken’s second merger of 2016, entrance only over 5 months after it purchased New York-based Coinsetter, that had acquired Canadian bitcoin sell CAVirtex a year before.

The formation of CleverCoin’s services and a patron bottom into Kraken’s height is set to take place this Wednesday on 29th June. The terms of a understanding were not disclosed.

While Kraken is appropriation a resources and patron bottom of CleverCoin, a group behind a sell isn’t carrying over to a new owners.

When reached for comment, CleverCoin CEO Karsten Nilsen pronounced that he and co-founder Christian de Kok wouldn’t be fasten Kraken as partial of a deal, and will move on to another business focused on craving IT.

Founded in early 2014, CleverCoin spent that year expanding a services to pierce past a initial marketplace in The Netherlands, looking to constraint larger marketplace share in Europe.

Kraken CEO Jesse Powell pronounced that a understanding was buoyed by what he described as a brightening opinion for digital currencies, indicating to new cost increases and construction on regulatory questions as pivotal drivers.

He pronounced in a statement:

“The merger of

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