San Francisco – Kraken, consistently recognized since 2013 as one of the most secure digital asset exchanges and the leading Euro trading platform, today announced its acquisition of Crypto Facilities, a globally regulated cryptocurrency trading platform and index provider. This merger establishes a powerhouse in both spot and futures cryptocurrency trading.
About Crypto Facilities
Headquartered in London, Crypto Facilities offers transparent, secure 24/7 trading services for retail and institutional investors, specializing in a broad range of cryptocurrency derivatives. As an industry pioneer, Crypto Facilities was the first regulated entity to introduce futures for Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash. It also serves as a premier cryptocurrency index provider, generating critical benchmarks like the CME CF Bitcoin Reference Rate used for CME Group Bitcoin futures. Users highly value Crypto Facilities' integrated, low-latency trading platform, regulated by the UK's Financial Conduct Authority (FCA).
Strategic Benefits of the Acquisition
This acquisition underscores Kraken’s commitment to expanding innovative products that complement its core spot trading and OTC services. Qualified Kraken clients will now access futures across six cryptocurrency trading pairs, enabling efficient trading and hedging in any market condition.
Jesse Powell, CEO of Kraken, stated:
"We’re thrilled to welcome Crypto Facilities to the Kraken family. Introducing these industry-leading futures and index products to our clients marks an exciting milestone. Over the coming months, we’ll continue refining and expanding these offerings, with more premium services planned for traders and institutions in 2023."
Timo Schlaefer, CEO and Founder of Crypto Facilities, added:
"Our mission has always been to build the most robust and user-friendly crypto trading platform. Partnering with Kraken accelerates innovation for next-gen products and significantly enhances the value we deliver to clients."
Crypto Facilities will maintain its London headquarters under FCA oversight, reinforcing Kraken’s focus on the UK as Europe’s leading financial and crypto hub.
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Transaction Details
This nine-figure deal represents Kraken’s largest acquisition to date and ranks among the most significant in the crypto industry. Kraken’s prior acquisitions include top Bitcoin exchanges Coinsetter, Cavirtex, and CleverCoin; award-winning wallet service Glidera; and the popular multi-exchange platform Cryptowatch.
Key Statistics:
- Kraken’s Reach: Trusted by 4M+ clients across 190+ countries.
- Trading Volume: Processed ~$90B in 2023, with OTC desks handling $2B+.
- Asset Coverage: 20 digital assets and 70+ currency pairs, supported by Cryptowatch’s advanced charting and portfolio tools.
FAQs
1. What cryptocurrencies does Crypto Facilities support for futures?
Crypto Facilities offers futures for Bitcoin (XBT), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), and ETH/XBT pairs.
2. How does this acquisition benefit Kraken users?
Qualified clients gain access to regulated crypto derivatives, enhancing trading flexibility and risk management.
3. Will Crypto Facilities operate independently post-acquisition?
Yes, it remains FCA-regulated in London but integrates with Kraken’s infrastructure for expanded services.
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4. What are Kraken’s future plans post-acquisition?
Kraken aims to launch new institutional products and expand its derivatives offerings in 2023.
About Kraken
Founded in 2011, Kraken was the first Bitcoin exchange to:
- Display data on Bloomberg Terminal.
- Undergo cryptographically verified proof-of-reserves audits.
- Offer Bitcoin margin trading.
Backed by investors like Hummingbird Ventures and Digital Currency Group, Kraken combines security, liquidity, and innovation.
For media inquiries:
Christina Yee
[email protected]
Keywords: Kraken, Crypto Facilities, cryptocurrency futures, regulated crypto trading, Bitcoin derivatives, FCA-regulated, crypto index provider, institutional crypto services.