Global digital asset exchange Kraken has announced its acquisition of the charting and trading platform Cryptowatch – used by thousands of traders to chart over 150 markets in real-time and trade up to 22 digital assets through a its interface. Cryptowatch has seen rapid growth in the past two years, increasing its active user-base by 700%. In addition, Kraken has also revealed that Cryptowatch founder, Artur Sapek, is joining the company to both continue developing Cryptowatch, and lead the development of Kraken’s interface.
Sapek remarked: “In just 2 years Cryptowatch grew into one of the pillars of the digital asset trading community. Teaming up with an exchange was the natural next step, and Kraken was my first choice. The Kraken team has built a very mature and reliable exchange, and I look forward to working with them to deliver the best trading software in the industry.”
Clients stand to benefit immediately from the acquisition asKraken has leveraged Cryptowatch to release an upgraded trading interface that is now available, along with instructions on how to get started trading on the platform.
CEO of Kraken, Jesse Powell commented: “I’m thrilled to welcome the Cryptowatch trading platform and its founder into the Kraken family. As the industry’s leading charting tool for traders, we plan to devote more resources and talent to further enhance its offering. And we’ve purposed the technology to provide a great new charting and trading platform to Kraken clients as the first step in improving our own interface. It’s a great start to 2017 and I can’t wait to share what else we’ve got in the pipeline.”
Cryptowatch is the most recent in a long series of landmark M&A deals over the past year that Kraken has leveraged to expand its global client-base, add new services, and bring talented members to its team. Kraken previously acquired 3 major bitcoin exchange:s Coinsetter, Cavirtex and CleverCoin, as well as the award-winning wallet funding service Glidera – soon to be rebranded as Kraken Direct.