The price of the acquisition was not disclosed.
Founded in 2013, CleverCoin aimed to help fintech companies in Europe by providing Bitcoin services via a platform “that makes trading Bitcoins accessible for everyone.”
The company provides payment options through SEPA, credit card, Sofort, Giropay, Bancontact and iDEAL, is fully registered under Dutch law, and offers a platform that is equipped with multiple security layers that are constantly monitored for fraud or other nefarious activities.
Under the deal the CleverCoin brand will be folded into Kraken’s global umbrella while providing existing clients with seamless access to Kraken’s suite of features; CleverCoin clients will be automatically transferred to Kraken’s platform on June 29, 2016.
“Kraken is the ideal custodian for CleverCoin going forward. They are, by every measure, the largest Bitcoin and digital asset exchange in Europe and our core beliefs are perfectly aligned,” CleverCoin Chief Technology Officer and Co-Founder Karsten Nilsen said in a statement. “As of today, CleverCoin clients will have seamless access to all the features and benefits of Kraken’s global