Bitcoin and crypto exchange company Kraken announced today that it has acquired Australia’s longest-running crypto service, Bit Trade.

This acquisition will allow Kraken to focus in on Australia with AUD liquidity with support for both institutional and retail customers. The deal further boosts Kraken’s OTC trading operation, which last month acquired Circle Trade.

Founded in 2013, Bit Trade quickly built a strong reputation for offering intuitive and sophisticated products without compromising security or regulatory compliance.

Kraken’s combined offering now includes:

  • A multi-exchange aggregator that combines several trading platforms into a single interface to ensure best price and execution for clients;
  • One of the largest OTC desks in Australia, where clients can trade in large volumes without moving markets. (If you have any questions regarding Kraken’s OTC services, contact otc@kraken.com)

Lastly, as part of the acquisition, Kraken has welcomed the entire Bit Trade team on-board, led by Jonathon Miller, who will become Managing Director for Kraken in Australia.

Source

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