Kraken Continues Acquisition Spree, Buys Dutch Bitcoin Exchange CleverCoin

Kraken, already one of the largest cryptocurrency trading venues in the world, has taken over yet another bitcoin exchange  – Netherlands-based CleverCoin. This comes less than six months after Kraken acquired both Coinsetter and Cavirtex and entered the US and Canadian markets.

Founded in 2013, CleverCoin is a graduate of Boost VC, the accelerator backed by venture capitalists Tim and Adam Draper. The financial terms of the acquisition deal were not disclosed.

CTO and co-founder Karsten Nilsen said: “Kraken is the ideal custodian for CleverCoin going forwards. They are, by every measure, the largest bitcoin and digital asset exchange in Europe and our core beliefs are perfectly aligned. As of today, CleverCoin clients will have seamless access to all the features and benefits of Kraken’s global brand, including the ability to trade many of the most popular currency pairs, the latest technology, the most advanced security, and faster Single Euro Payments Area (SEPA) transfers.”

Former CEO and co-founder Christian de Kok added: “We started CleverCoin to provide access to bitcoin to traders throughout Europe, and today we could not be prouder of our accomplishments. Since 2013, we’ve helped tens of thousands of individuals trade bitcoin and have access to the fastest SEPA payments of any crypto exchange, rivaled

Read more ... source: TheBitcoinNews