Kraken Acquires Trading Platform Cryptowatch
- M&A Deals
- 02.03.2017 01:30 pm
Kraken is pleased to announce the acquisition of the popular charting and trading platform Cryptowatch - used by thousands of traders to chart over 150 markets in real-time and trade up to 22 digital assets through a highly user-friendly interface.
Cryptowatch has seen rapid growth in the past two years, increasing its active user-base by 700%.
We are also pleased to announce that Cryptowatch founder, Artur Sapek, is joining the company to both continue developing Cryptowatch and lead the development of Kraken’s interface.
“In just 2 years Cryptowatch grew into one of the pillars of the digital asset trading community,” Sapek said. “Teaming up with an exchange was the natural next step, and Kraken was my first choice. The Kraken team has built a very mature and reliable exchange, and I look forward to working with them to deliver the best trading software in the industry.”
Clients will immediately benefit from the acquisition, because Kraken has leveraged Cryptowatch to release an upgraded trading interface that is now available.
“I’m thrilled to welcome the Cryptowatch trading platform and its founder into the Kraken family,” said Kraken CEO Jesse Powell. “As the industry’s leading charting tool for traders, we plan to devote more resources and talent to further enhance its offering. And we’ve purposed the technology to provide a great new charting and trading platform to Kraken clients as the first step in improving our own interface. It’s a great start to 2017 and I can’t wait to share what else we’ve got in the pipeline.“
Cryptowatch is the most recent in a long series of landmark M&A deals over the past year that Kraken has leveraged to expand its global client-base, add new services, and bring highly talented members to its team.
Kraken previously acquired the 3 major bitcoin exchanges Coinsetter, Cavirtex and CleverCoin, as well as the award-winning wallet funding service Glidera - soon to be rebranded as Kraken Direct.