Cryptocurrency exchange Kraken has created a buzz in the blockchain ecosystem by acquiring the London-based trading startup Crypto Facilities in a deal almost worth $100M.
Crypto Facilities is a leading regulated digital asset trading platform and index provider. Now the terrific combination is set to rule the cryptocurrency and futures trading space.
Crypto Facilities – a 24×7 cryptocurrency trading solution
Started in 2015, Crypto Facilities is authorised and regulated by the UK’s Financial Conduct Authority. By means of advanced API, the platform facilitates users with secure algorithmic trading. Besides trading, Crypto Facilities offers reliable and transparent cryptocurrency index to financial institutions, trading firms and data vendors worldwide by partnering with CME Group.
Crypto Facilities supports futures trading in multiple currencies including Bitcoin, Ripple, Ether, Litecoin and Bitcoin Cash. Crypto Facilities founder and CEO Timo Schlaefer expressed, “It has been our mission to build the most sophisticated, powerful and user-friendly cryptocurrency trading platform. Teaming up with Kraken allows us to innovate the next generation of products and tremendously boosts the value we are able to provide to our clients.”