VC-backed Kraken to buy Canadian bitcoin exchange Cavirtex
Kraken has agreed to buy Cavirtex, a Calgary-based exchange for buying and selling bitcoin in Canadian dollars. No financial terms were disclosed. Kraken, a global bitcoin exchange, said the acquisition of Cavirtex and New York's Coinsetter will set the stage for its "immediate and significant expansion into the North American market." Founded in 2011, Cavirtex claims to be Canada's first bitcoin exchange. It joined with Coinsetter last year. San Francisco-based Kraken has secured funding from several venture capital investors, including Hummingbird Ventures, which led its Series A round in 2014.
19 January 2016•4 mins read
