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 expand its operations in Australia and focus on AUD liquidity with support for both institutional and retail customers.
The deal further boosts Kraken’s OTC trading business, which last month acquired Circle Trade.
Also, 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.
Founded in 2013, Bit Trade was Australia’s first established bitcoin exchange. Back in November 2018, the company opened up for investment by launching an equity crowdfunding.
Kraken’s consolidated Australian service now features:
- 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. For any questions regarding Kraken’s OTC services, contact otc@kraken.com.
