Kraken, the famous digital assets trading service has announced the acquisition of CleverCoin, one of the first Netherland-based Bitcoin exchanges. Kraken seeks to expand its product offerings and services to European customers.
Kraken is one of the most popular cryptocurrency exchanges in the world. Founded in 2011, the San Francisco-based company (although most of its volume comes from Europe) offers exchange and trading services (up to 5x leverage) in a wide variety of currency pairs.
With this acquisition, Kraken is one step closer to secure the total dominance over digital assets trading volume in the European region. The exchange will absorb thousands of new clients, and will reach new jurisdictions. Kraken CEO Jesse Powell said that existing clients of CleverCoin will be automatically transferred to the Kraken platform on June 29.
http://themerkle.com/kraken-buys-dutch-bitcoin-exchange-clevercoin/
