The crypto currency exchange Kraken announced the purchase of the London platform Crypto Facilities service that specializiruetsya to trade cryptocurrency derivatives.

On the platform Crypto Facilities individual investors and funds around the clock to carry out trading operations with this asset class. As a pioneer of the industry, the company was the first organized treatment of futures on Bitcoin, Ethereum, Ripple (XRP), Litecoin, Bitcoin and Cash.

Crypto Facilities has also created and calculates the leading index of the value of bitcoin, which was adopted by the Chicago stock exchange as an underlying asset of a futures contract for bitcoin, launched in December 2017.

As a result of purchase of the platform company Kraken clients would have access to futures trading on the six cryptocurrency pairs that will provide them with the opportunity to trade in any market environment.

The exact transaction value was not disclosed, but according to the Kraken, is a figure with eight zeros.

In the course of the transaction, all investors sold their stock of the Kraken, including the largest investor Crypto Facilities — venture capital Fund Global Target.

“I love the fact that the team Crypto Facilities will join the Kraken. We are pleased to provide our clients with access to leading futures and index products. In the coming months we will continue to improve and expand these proposals. This year we will offer brokers and institutional clients a lot of interesting”, – said the President of Kraken Jesse Powell.

President and founder of the Crypto Facilities Timo Shleifer in turn added:

“Our mission was to build the most advanced, powerful and user-friendly platform for trading cryptocurrencies. Association with Kraken will produce the next generation of innovative products and will greatly enhance the value of our offer for customers”.

Command Crypto Facilities will remain in London.

Earlier, Kraken is already absorbed major bitcoin exchange Coinsetter, Cavirtex and CleverCoin; the bitcoin wallet Glidera; and a platform with tools for portfolio investments Cryptowatch.