Crypto Exchange Kraken Raises $100 Million, Acquires London Futures Firm30

The cryptocurrency exchange Kraken says it has paid “nine figures” to acquire Crypto Facilities, a British trading firm that specializes in derivatives. The San Francisco company also disclosed in an interview with Fortune that it is on the cusp of completing a $100 million funding round financed by its larger customers.

The Crypto Facilities acquisition means Kraken is the first crypto exchange to offer both spot and futures trading in currencies like Bitcoin, Ethereum, and XRP. Kraken declined to share the specific price of the deal.

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