Digital Currency Exchanger, Kraken Announce via email/blog that they have acquired the Chicago based non-custodial wallet funding service, Glidera.

Glidera is the world’s first non-custodial wallet funding service that enables one-click buying and selling of bitcoin directly from your favorite wallet (10 of the top bitcoin wallets already integrated with more in the pipeline).

This acquisition will mean uglidera logosers of Kraken will soon be able to “experience direct one-click buying and selling of bitcoin and other digital assets via convenient payments like ACH transfers.

Glidera will also be rebranded as ‘Kraken Direct’ with Kraken Users having access to bot it and Kraken’s exchange service via a single account.

Other Glidera Future benefits as the integration proceeds include:

  • Kraken Users in the US will enjoy ACH bank payments to fund their trading accounts – currently offered through Kraken Direct for wallet funding.
  • Kraken Direct’s funding service, currently only available in the US, will be expanded to support many countries and national currencies worldwide now serviced by Kraken, including Europe (EUR), Japan (JPY), Canada (CAD), and the UK (GBP)
  • Kraken Direct will add wallet funding support for some of the popular alternative digital assets that Kraken currently offers for exchange, such as Ethereum and Zcash
  • Kraken Direct clients will have access to the same highly-rated 24/7/365 support and live chat currently available to Kraken exchange clients.

What is Glidera?

The service enables secure one-click buying and selling of bitcoin straight from their wallet via convenient ACH bank transfers knowing that Glidera never takes custody of their funds during the process. Glidera currently supports around 10 of the top wallets including Airbitz, Copay, Mycelium and Multibit, with many more in the development pipeline.

Wallet developers easily integrate with the service since Glidera provides a funding bridge to the traditional financial system via API interface and manages all of the legal and compliance aspects so developers can just focus on development. The service also offers an attractive revenue-sharing program, providing a continual stream of revenue instead of the one-time sign-up bonus from other services.

Dave Ripley, co-founder and CEO of Glidera, also shared some thoughts on the acquisition: “We’re thoroughly excited to merge with Kraken and bring even more value to our clients and partners.  Kraken has built an incredible global platform and a talented team who share our view that partnerships are key to building the digital asset ecosystem.”

“This acquisition rounds out a fantastic year for Kraken,” said Jesse Powell, CEO of Kraken. “We’ve seen incredible growth throughout 2016 across all areas of our business.

We’re looking forward to an even better 2017 with this acquisition and our new ‘Kraken Direct’ service playing a key role.”

Earlier this year, Kraken acquire Bitcoin exchanges Cavirtex, Coinsetter and Clevercoin. These acquisitions lead to Kraken becoming available or improving availability in Canada and Europe.

Source: Kraken Blog

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