Kraken announces acquisition of Coinsetter and Cavirtex to expand to the U.S and Canada

Announcements | January 25, 2016 By:

Kraken has announced it has acquired Coinsetter and Cavirtex to expand to the U.S. and Canada.

NYC-based Coinsetter, founded in 2012, is one of America’s most prominent national bitcoin exchanges, and Cavirtex, founded in 2011, is Canada’s first bitcoin exchange with the highest historical trading volume. These two acquisitions set the stage for an immediate and significant expansion into prime North American markets.

“I’m excited what our acquisition by Kraken means for Coinsetter and Cavirtex customers, who will all benefit from Kraken’s leading platform, global team and unparalleled customer service. For years, the teams at Coinsetter and Cavirtex have worked closely with traders, bitcoin companies and investors to advance the burgeoning bitcoin space in North America. We are confident that Kraken is the right world-class company with the resources, vision and drive to successfully carry our torch far into the future,” said Coinsetter CEO Jaron Lukasiewicz.

“The acquisition of Coinsetter and Cavirtex marks the beginning of a new era for Kraken,” said Kraken CEO Jesse Powell.

Kraken is a San Francisco-based Bitcoin exchange.