On July 31, a major cryptocurrency exchange based in San Francisco, Kraken, announced it had acquired Interchange, a company that allows institutional investors to "better control their cryptocurrency assets."
Acquisition of Interchange
The exchange says that along with Cryptowatch – the Kraken platform for exchanging exchanges, tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details and portfolio tracking – Interchange "will provide investors and traders with a comprehensive solution for managing and optimizing their portfolios."
Interchange offers professional portfolio accounting and reconciliation tools for digital asset markets.
According to Kraken executives, in less than a year, Interchange has expanded its client portfolio to more than 60 institutions, including hedge funds and fund managers such as MG Stover, "the world's largest fund manager for digital assets."
Earlier in July, Kraken announced the acquisition of Cryptofinance, a software tool that provides access to prices and market data from more than 50 exchanges, while in February it acquired Crypto Facilities (now it is Kraken Futures).
And as the latest cryptocurrency news showed, the exchange has more than 4 million users on its account, while in 2018 it processed almost 90 billion US dollars.
Kraken acquires institutional cryptocurrency exchange. Recall, on July 29, the Kraken exchange announced the addition of five global fiat currencies on its platform for users. Cooperating with the Etana wallet, Kraken adds: dollars, euros, CAD, JPY and GBP for exchange in 180 countries.
Editor: Pereyidenko Ihor