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Following the conclusion of the largest transaction in the cryptocurrency sector since the beginning of the year, the main encryption exchange based in the United States and Europe, Kraken, is expected to raise a fundraiser worth $ 4 billion.
On February 4, according to information from CCN, Kraken acquired Crypto Facilities for more than $ 100 million, becoming a regulated futures and indexes trader in Europe.
$ 4 billion: Kraken is one of the three largest cryptographic exchanges
In an official statement, the Kraken team revealed that the company, which serves more than 4 million active users, will soon reach a value of $ 4 billion.
The company is finalizing the deal that would put Kraken behind Coinbase and become one of the top three markets alongside Binance.
Kraken said:
"Kraken is launching futures trading via a nine-digit deal, will soon close a $ 4 billion fundraising round, has 100 growing developers, reveals a new consumer-friendly branding and is launching the first podcast that shows the juicy internal workings of a crypto company.
The timing of the $ 100 million transaction completed with the approval of the UK Financial Services Agency (FSA) has allowed the stock market to expand its product line in Europe before the close of a financial year. new funding cycle.
With the infrastructure put in place by Crypto Facilities, more than 100 developers and the new capital, the company is expected to add more vehicles and investment products in the coming months.
"We are pleased to present our eligible clients with these leading futures and index products. Over the next few months, our teams will continue to improve and expand these offerings. In 2019, traders and institutional clients will have tremendous badets, "said Jesse Powell, CEO of Kraken.
The big three of Bitcoin: Kraken, Coinbase and Binance
Source: Shutterstock
In October 2018, Coinbase obtained $ 300 million from Tiger Global and a valuation of $ 8 billion.
Binance has conducted several strategic fundraisers of companies such as Temasek to target specific markets.
Four months ago, Binance reportedly received an undisclosed amount from Temasek for the launch of a fiduciary-crypto exchange in Singapore.
With millions of active users, an international market and strategic investors, Kraken, Coinbase and Binance have become the three main crypto-currency markets of the global market.
Since their creation, the three Bitcoin exchanges have focused on security and investor protection in other areas.
Coinbase and Kraken have set industry safety standards since the early days of the cryptocurrency industry, and Binance has significantly improved transparency and communication between exchanges and their users.
Similarly, the three operations, Tiger Global's investment in Coinbase, Binance's round of financing by Temasek and Kraken's $ 4 billion valuation, all took place during the worst bear market of its 10 years of existence.
CEO of Coinbase, Brian Armstrong | Source: Steve Jennings / Getty Images for TechCrunch / Flickr
Investor confidence in the long-term prospects of companies such as Kraken shows that, as Panter Capital CEO Dan Morehead has said, fewer and fewer investors see Bitcoin and the vast cryptocurrency badet clbad a fad.
S addressing Laura Shin on Unconfirmed, Morehead explained:
"I'd admit that in the previous one, I was wondering if the blockchain was really going to work and that there were real regulatory risks that could have occurred. This one, I think the fundamentals are a lot stronger than they were during the crypto winter 2014-15. "
The digital badet sector may take a long time to recover from the November 2017 figures. However, despite the rapid decline in cryptocurrency prices, it is essential that businesses continue to build and strengthen clbad-supporting infrastructure. d & # 39; badets.
The $ 100 million acquisition of Crypto Facilities and the $ 4 billion Kraken valuation demonstrate that the bitcoin industry is on track to improve liquidity and the vehicle lineup. Investment accessible to traditional investors.
Featured image of Shutterstock
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