Cryptocurrency exchange Kraken has announced the acquisition of market portal Cryptowatch, a site that provides real-time market information and trading services.
The deal has been revealed to be an acqui-hire, with the exchange retaining Cryptowatch founder Artur Sapek to further develop the toolkit. As part of the news, Kraken has also debuted a new trading interface.
Kraken CEO Jesse Powell said of the news:
Cryptowatch has reportedly seen a rapid rise in its active user base, experiencing 700% growth in the past two years, and the Kraken deal was the "natural next step" in maintaining the site's status in the digital asset trading community, Sapek remarked.
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