One of the largest bitcoin and cryptocurrency exchanges in the world, Kraken, has announced an investment from a leading Japanese foreign exchange brokerage, in the exchange’s Series B round of financing.
Cryptocurrency exchange Kraken has announced an investment from Tokyo-based Money Partners Group as a part of its Series B round of financing, in a press release today.
Money Partners Group holds a market cap of over $260 million and is among the leading foreign exchange brokerages in Japan with over 270,000 client networks. The terms of the investment were not disclosed.
This would mark the second investment from a Japanese firm in Kraken’s Series B round of financing after the exchange revealed a “multi-million dollar agreement” with Japan’s leading venture capital firm SBI Investment in Feb 2016.
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Beyond its investment with Kraken, Money Partners Group has also announced a business alliance which the cryptocurrency exchange. The alliance will see over 270,000 client networks belonging to Money Partners Group enabled with bitcoin trading settlement services along with