Kraken Expands in The US and Acquires Coinsetter & Cavirtex

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Kraken has started of the year with Major News today that Popular BitCoin exchange, Kraken has extended its operations to Canada and the US. So Starting today All 37 states(AL, AR, AZ, CA, CO, DC, DE, GA, IA, ID, IL, IN, KS, MA, ME, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OK, OR, PA, SC, SD, TX, UT, VA, VT, WA, WI, WV, WY and Washington DC) will be able to deposit and withdraw US dollars to and from any bank account. They are working to have the other 13 remaining states support US Funding, as well as international Us Dollar Wires.
As far as Canadians are concerned, All Canadian Provinces and territories can deposit, withdraw and trade in Bitcoin and Canadian Dollars at Home and Abroad.

They also annnouce the acquisitions of Major Bitcoin Exchanges Coinsetter and Cavirtex which will be fully absorbed into Kraken.NYC-based Coinsetter, founded in 2012, is one of America’s most prominent national bitcoin exchanges, and Cavirtex, founded in 2011, is Canada’s first bitcoin exchange with unmatched historical trading volume in the US. Coinsetter and Cavirtex Account Holders will begin accessing thier accounts via Kraken.com come January 26.

Coinsetter CEO Jaron Lukasiewicz said, “I’m excited what our acquisition by Kraken means for Coinsetter and Cavirtex customers, who will all benefit from Kraken’s leading platform, global team and unparalleled customer service. For years, the teams at Coinsetter and Cavirtex have worked closely with traders, bitcoin companies and investors to advance the burgeoning bitcoin space in North America. We are confident that Kraken is the right world-class company with the resources, vision and drive to successfully carry our torch far into the future.”

Kraken CEO, Powell remarked “The acquisition of Coinsetter and Cavirtex marks the beginning of a new era for Kraken. The consolidation of these three veteran giants is the largest exchange deal to date. Combined, we represent over thirteen years of bitcoin exchange experience in an industry that is only seven years old. Kraken has big, exciting plans for 2016. This year we will fully leverage what we’ve built as the world’s most trusted and secure bitcoin exchange. This is the year that we make long strides to capture key markets and crank up the volume.

To celebrate the acquisition, through March 1, 2016 all American and Canadian clients, including Canadians living abroad, will enjoy free deposits on Kraken’s trusted, next-generation bitcoin exchange. For more details visit www.kraken.com.

This is the year of the Kraken hence expect more news ass we keep a close eye on them for the year 2016.

Source: Direct Email, CoinSetter Blog and Business Wire

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