M&A Deal Summary

Kraken Acquires CleverCoin B.V.

On June 28, 2016, Kraken acquired financial services company CleverCoin B.V.

Acquisition Highlights
  • This is Kraken’s 2nd transaction in the Financial Services sector.
  • This is Kraken’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2016-06-28
Target CleverCoin B.V.
Sector Financial Services
Buyer(s) Kraken
Deal Type Add-on Acquisition

Target

CleverCoin B.V.

Eindhoven, Netherlands
CleverCoin B.V. is a bitcoin exchange that allows users to buy, sell and store bitcoins.

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Buyer(S) 1

Buyer

Kraken

San Francisco, California, United States

Category Company
Founded 2011
Sector Information Technology
DESCRIPTION

Kraken operates a digital asset trading platform that enables users to buy, sell, and stake cryptocurrencies and tokenized assets. The Company offers services for retail and institutional investors, including spot and futures trading, margin trading, and crypto custody solutions. Kraken was founded in 2011 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 2 of 12
Sector: Financial Services M&A 2 of 4
Type: Add-on Acquisition M&A Deals 2 of 11
Country: Netherlands M&A 1 of 2
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-20 Coinsetter

New York, New York, United States

Coinsetter LLC is a privately held company operates a Bitcoin trading platform with tools for forex traders.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 Glidera

Elmhurst, Illinois, United States

Glidera, Inc. is a digital currency wallet that allows users to buy and sell the bitcoins via computer and smartphone.

Buy -