Kraken: Acquires Australian cryptocurrency exchange
- San Francisco-based cryptocurrency exchange Kraken is expanding into Australia via the acquisition of a domestic crypto exchange
- The deal follows Kraken’s acquisition of Circle Trade, which closed at the end of 2019
- Together, the two acquisitions also will allow Kraken to expand its presence into the Asia-Pacific regions of the crypto world
- Bit Trade operates a so-called multi-exchange aggregator, which combines liquidity from several exchanges into one interface
- The Bit Trade deal brings Kraken’s total number of public acquisitions to five for 2019 and 2020
- Last year, in a “nine-figure deal,” Kraken acquired Crypto Facilities
