U.S. major cryptocurrency exchange Kraken expands into Europe by acquiring a futures trading company! XRP and other assets with leverage of more than 25x at maximum
Kraken, the American Cryptocurrency Exchange, Expands into Europe
Kraken, the major cryptocurrency exchange based in San Francisco, California, announced on February 4th that it has acquired Crypto Facilities, which operates crypto derivative trading in the United Kingdom, according to Kraken's official blog.
This report marks Kraken's formal expansion into Europe, confirming its entry into the region.
The official blog mentions a nine-figure amount, with some estimates placing it above one hundred million dollars (about 11 billion yen).
Furthermore, the acquisition price is noted as the largest buyout in the cryptocurrency industry in 2019.
A few hours after the acquisition announcement for Crypto Facilities, which operates futures trading, Kraken's Twitter announced the launch of Europe’s first cryptocurrency futures trading.
Japanese Translation
Kraken completed funding at a valuation of four hundred million dollars, will grow with 100 developers, reveal a customer-friendly brand, and begin futures trading using Crypto Facilities’ framework.
The five main futures products to be launched are as follows:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
Please see the table below for the leverage and other details for each asset.
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