Kraken gets hold of Australian crypto-exchange Bit Trade

Kraken has acquired Bit trade. The American crypto-broker aims to make Bit trade platform number 1 in Australia.

On his blog, Kraken announced the acquisition of the Australian cryptocurrency exchange Bit trade for an undisclosed amount.

"TheAustralia is one of the fastest growing cryptocurrency markets in the world, and today, Kraken is delighted to announce that it has acquired its oldest crypto-service, Bit trade, ”Wrote Kraken.

With this transaction, the Californian crypto-company intends to expand its presence in the region Asia Pacific. She appointed the co-founder of Bit Trade, Jonathon Miller, as director of Kraken Australia.

Bit trade has developed an aggregator that combines the liquidity of several exchanges in a single interface and will now allow Kraken to guarantee a better price and better execution to its customers.

Last month, Kraken announced the buyout of Circle Trade to strengthen its own over-the-counter (OTC) offer. The Bit OTC office will also add to its OTC service.