KRAKEN BOUGHT CRYPTO-DERIVATIVES PLATFORM “CRYPTO FACILITIES”

According to a press release, the San Francisco-based Kraken exchange acquired the British regulated crypto-derivatives platform “Crypto Facilities”.

The exact amount of the transaction is not specified, it is said only that it is expressed “nine-digit number”. Crypto Facilities presents futures for Bitcoin, Ether, XRP, Litecoin and Bitcoin Cash. Also, the platform delivers price data of CME exchange.

“I am pleased to welcome the Crypto Facilities team to the Kraken family,” Kraken CEO Jess Powell said. — In the coming months, we will continue to improve the quality of services and expand their range. In 2019, we will provide excellent opportunities to traders and institutional clients.”

During an interview with Fortune, Powell said that Kraken soon will receive $100 million investment from “major clients of the exchange.”

In December last year, it became known that Kraken is considering the possibility of private placement of securities in the company’s valuation of $4 billion.