Kraken acquires Chicago bitcoin startup Glidera

Investing | December 21, 2016 By:

Kraken has acquired wallet funding service Glidera.

Glidera, which is a member of Techstars’ 2015 Chicago class, is a platform that enables website developers to integrate bitcoin buying and selling services into their applications. This way, the startup serves as an on-ramp to the bitcoin ecosystem, allowing people to easily use their bank accounts to buy digital currency and send funds to the bitcoin wallet of their choice. As part of the acquisition, Glidera will be rebranded to Kraken Direct.

“This acquisition rounds out a fantastic year for Kraken. We’ve seen incredible growth throughout 2016 across all areas of our business. We’re looking forward to an even better 2017 with this acquisition and our new ‘Kraken Direct’ service playing a key role,” said Kraken CEO Jesse Powell.

Kraken is a San Francisco-based digital currency exchange.