RATE Group | US-based cryptocurrency exchange Kraken acquires an institutional services provider
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US-based cryptocurrency exchange Kraken acquires an institutional services provider

01 Aug US-based cryptocurrency exchange Kraken acquires an institutional services provider

Posted at 09:29h in Cryptocurrency News by

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  • The acquisition of Interchange will allow the platform to expand the functionality.
  • The founders of Interchange will become a part of Kraken’s top management.

Cryptocurrency exchange Kraken has acquired a startup Interchange that allows institutional investors to access tools for efficient cryptocurrency portfolio management.

Thus, the Interchange functionality allows cryptocurrency hedge funds, asset managers and other large investors to keep accounts, and reconcile financial statements for processed transactions.

The founders of the startup are entrepreneurs Dan Held, the former director of Blockchain, and Clark Moody, the creator of the RTBTC trading platform. Now they will become a part of Kraken’s top management team.

“I couldn’t be more excited to welcome Dan, Clark and the Interchange team to Kraken. What’s great about Interchange is that it makes accounting, trade reconciliation and reporting so much easier for institutions and individuals…

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