Kraken Acquires Dutch Bitcoin Exchange CleverCoin
San Francisco-based digital currency exchange Kraken is making yet another acquisition, scooping up Dutch exchange CleverCoin.
The deal is Kraken’s second acquisition of 2016, coming just over five months after it purchased New York-based Coinsetter, which had acquired Canadian bitcoin exchange CAVirtex the year before.
The integration of CleverCoin’s services and its customer base into Kraken’s platform is set to take place this Wednesday on 29th June. The terms of the deal were not disclosed.
While Kraken is acquiring the assets and customer base of CleverCoin, the team behind the exchange isn’t carrying over to the new owners.
When reached for comment, CleverCoin CEO Karsten Nilsen said that he and co-founder Christian de Kok wouldn’t be joining Kraken as part of the deal, and will move on to another business focused on enterprise IT.
This post was published at Coin Desk on June 28, 2016.