Kraken Exchange Acquired Coinsetter & Cavirtex.

[RoomBot]

They are migrating accounts which may take up to 10 hours. 

https://www.kraken.com/

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[nydiacaskey01]

This news sounds good for kraken investors but what about the investors from the 2 companies that was bought Coinsetter and Cavirtex?
Is it bought because the 2 companies is not making much profits?

[RoomBot]

Here's the inside scoop:  http://blog.kraken.com/post/137608673157/kraken-acquiring-coinsetter-and-cavirtex-to-expand

[BitHodler]

Great move for Kraken, it will surely help Kraken gain more ground around the world.

I hope Kraken will be the main exchange for many people at some point in the near future. It has never let me down.

[RoomBot]

Great move for Kraken, it will surely help Kraken gain more ground around the world.

I hope Kraken will be the main exchange for many people at some point in the near future. It has never let me down.

Good to know!

Strange that they are only set up in 37 US states....  and no BitLicense for New York....

[BitHodler]

Great move for Kraken, it will surely help Kraken gain more ground around the world.

I hope Kraken will be the main exchange for many people at some point in the near future. It has never let me down.

Good to know!

Strange that they are only set up in 37 US states....  and no BitLicense for New York....

It is probably not worth the hassle for them when it comes to getting approved in just one state.

There are more exchanges and services that skipped and even stopped offering their services in New York because of the bitlicense.

[RoomBot]

You're right!  Coinsetter was one of them, LOL.

[foggyb]

Cavirtex was a Canadian exchange, I wonder what kind of regulations apply to that sale. No suprise they are exiting, Cavirtex fees were way too high and the volume was tiny.

[Amph]

i like that they are getting bigger, kraken is my favorite exchange, and the fact that it was not violated and it is the only one remained with no id make it the best