Kraken acquires Crypto Facilities

Kraken closed its biggest acquisition to date on our portfolio company Crypto Facilities.

Crypto Facilities is an exchange and index provider regulated by the Financial Conduct Authority in the U.K. Crypto Facilities lets you trade futures on multiple cryptocurrency pairs. It was the first ever crypto exchange regulated by a FINRA (Financial Industry Regulatory Authority) and it was the official index provider to the CME Group, World’s leading and most diverse derivatives marketplace.

Kraken currently has 4 million users who traded the equivalent of $90 billion in 2018. Following this acquisition, Kraken users will now have access to both spot and futures trading.

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