Kraken Buys Crypto-A Management Solution Interchange
- Interchange serves over 60 clients, including fund administrators, hedge funds and crypto exchanges.
Kraken, one of the world’s longest-operating cryptocurrency exchanges, today finalized its acquisition of yet another company in the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term industry, this time taking over Interchange, which offers crypto-asset management solutions for institutional players.
Interchange is a joint venture between accounting firm CoinVantage and crypto firm Picks & Shovels. The eight-person company features software products that serves over 60 clients, including fund administrators, hedge funds, and crypto exchanges.
The startup claims to offer the first institutional-grade cryptocurrency portfolio management solution for cryptocurrency hedge funds, asset managers, and professional traders, which have been a blind spot for the cryptocurrency industry.
“Becoming part of the Kraken family will enable us to improve our core portfolio reconciliation product, while creating new possibilities for our clients who will now have easy access to Kraken’s cutting-edge suite of products,” said Dan Held, Co-Founder of Interchange
Kraken continues acquisition spree
Interchange, which has offices in San Francisco, New York, and Denver, automates reconciliation and reporting process, allowing connections to multiple exchanges to collate data and manage portfolios. They’re using AES-26 encryption and have already added multiple exchanges to their interface, with the promise of more to come.
Over the past two years, Kraken has transformed itself into a global crypto powerhouse, establishing its strong presence in both the US and European Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term markets. Once the largest Bitcoin exchange in Europe, Kraken has also been a strong contender in the US market, with around three percent market share.
Kraken acquired various crypto exchanges including Chicago-based non-custodial service Glidera and Dutch Bitcoin exchange CleverCoin.
Commenting on the news, Kraken CEO Jesse Powell said: “I couldn’t be more excited to welcome Dan, Clark and the Interchange team to Kraken. What’s great about Interchange is that it makes accounting, trade reconciliation and reporting so much easier for institutions and individuals trading on Kraken, so our clients can stay focused on tapping the tremendous value that cryptocurrency markets offer.”
Kraken, one of the world’s longest-operating cryptocurrency exchanges, today finalized its acquisition of yet another company in the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term industry, this time taking over Interchange, which offers crypto-asset management solutions for institutional players.
Interchange is a joint venture between accounting firm CoinVantage and crypto firm Picks & Shovels. The eight-person company features software products that serves over 60 clients, including fund administrators, hedge funds, and crypto exchanges.
The startup claims to offer the first institutional-grade cryptocurrency portfolio management solution for cryptocurrency hedge funds, asset managers, and professional traders, which have been a blind spot for the cryptocurrency industry.
“Becoming part of the Kraken family will enable us to improve our core portfolio reconciliation product, while creating new possibilities for our clients who will now have easy access to Kraken’s cutting-edge suite of products,” said Dan Held, Co-Founder of Interchange
Kraken continues acquisition spree
Interchange, which has offices in San Francisco, New York, and Denver, automates reconciliation and reporting process, allowing connections to multiple exchanges to collate data and manage portfolios. They’re using AES-26 encryption and have already added multiple exchanges to their interface, with the promise of more to come.
Over the past two years, Kraken has transformed itself into a global crypto powerhouse, establishing its strong presence in both the US and European Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term markets. Once the largest Bitcoin exchange in Europe, Kraken has also been a strong contender in the US market, with around three percent market share.
Kraken acquired various crypto exchanges including Chicago-based non-custodial service Glidera and Dutch Bitcoin exchange CleverCoin.
Commenting on the news, Kraken CEO Jesse Powell said: “I couldn’t be more excited to welcome Dan, Clark and the Interchange team to Kraken. What’s great about Interchange is that it makes accounting, trade reconciliation and reporting so much easier for institutions and individuals trading on Kraken, so our clients can stay focused on tapping the tremendous value that cryptocurrency markets offer.”