Announcement: Kraken acquires Bit Trade

Kraken Acquires Australia’s Longest-Running Crypto Service Provider Bit Trade

Australia is one of the fastest-growing crypto markets in the world, and today, we are excited to announce that we will be joining the Kraken family.

With the acquisition of Bit Trade, Kraken will focus on being the premier crypto service in Australia with the best AUD liquidity, trading experience, and support for both institutional and retail clients. It also deepens Kraken’s overall presence in the APAC region, and further bolsters its industry-leading OTC trading operation, which acquired Circle Trade, one of the most recognized OTC desks in crypto last month.

Founded in 2011, Kraken Digital Asset Exchange is one of the world’s largest and oldest digital currency exchanges. Trusted by millions of traders, Kraken quickly built a strong reputation for offering sophisticated products without compromising security or regulatory compliance.

Our combined offering now includes:

• Kraken multi-asset exchange with $50 Billion USD traded in 2019
• 4+ million clients in 190 countries
• One of the largest OTC desks in Australia, where clients can trade in large volumes without moving markets. (If you have any questions regarding Kraken’s OTC services you can contact us 24/7 at otc@kraken.com)
• A multi-exchange aggregator that combines several trading platforms into a single interface to ensure best price and execution for clients

The entire Bit Trade team will join Kraken as part of the acquisition, led by Jonathon Miller, who will become Managing Director for Kraken in Australia.

More details will follow in the ensuing months.

Thank you for choosing Bit Trade, and welcome Kraken!

For more information contact press@kraken.com