Kraken has acquired Australian cryptocurrency exchange Bit Trade

Kraken acquired Australia-based Bit Trade, one of Australia's longest-running cryptocurrency companies. The transaction was completed following Kraken's acquisition of Circle Trade, which was completed at the end of 2019. Together, these two assets will enable Kraken to expand its business in Asia and the Asia-Pacific region of the cryptocurrency world. Kraken's total number of public acquisitions reached five. As part of the BIT Trade acquisition, Kraken will hire Jonathon Miller as Managing Director of Kraken in Australia.