Less than a month after acquiring Circle Trade, San Francisco-based cryptocurrency exchange Kraken secured Bit Trade, Australia’s oldest crypto exchange.
Bit Trade, established in 2013, allows customers to buy and sell bitcoin and other major cryptocurrencies with the Australian dollar (AUD). This is the longest-running cryptocurrency exchange platform in the country.
“With this acquisition, 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 our overall presence in the APAC region,” said Kraken in an announcement.
Last month, Kraken acquired Circle Trade, one of the most recognized over-the-counter (OTC) desks in crypto market that handled over $24 billion in volume in 2018.