Kraken moves to purchase wallet funding service, Glidera

According to recent reports, it seems like Kraken, one of the world’s most popular bitcoin exchanges, has just acquired a wallet funding service, known by the name of Glidera.

Unfortunately, the terms of the purchases have not been disclosed, so there isn’t much information that we can offer on the sale, yet it’s worth pointing out that Kraken has been spending the last year buying numerous bitcoin-related startups, especially in the exchange space.

In fact, back in January this year, Kraken announced the purchase of yet another great startup- Coinsetter, which not long ago, acquired CAVirtex. Other than this, Kraken also purchased BitInvest, a start-up meant to allow people to invest via digital currency, alongside with Foxbit.

To help integrate the two providers (Kraken and Glidera), Glidera will be rebranded as Kraken Direct, and will hence allow customers to purchase the digital currency directly via their bank accounts, and then proceed to send the funds to the wallet address that they choose. This move will help the company better shape its service, thus acquiring an even larger market base, and hence expanding their business capabilities. Through these purchases, Kraken is slowly, yet surely growing as a global bitcoin exchange.

In a recent press statement, the CEO of Kraken, Jesse Powell, mentioned that: “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.”

Based on everything that has been outlined so far, what do you think about Kraken’s continuous growth, and their numerous startup purchases? Let us know your thoughts in the comment section below.

Source: Read Full Article