Cryptocurrency Exchange Kraken Acquires TradeStation Crypto
Summary
Cryptocurrency exchange Kraken is acquiring TradeStation Crypto, the digital asset division of online brokerage TradeStation, to boost its regulatory licensing in the U.S. The acquisition is part of Kraken's strategy to accelerate its U.S. presence and unlock new growth and product opportunities. TradeStation Crypto, based in Florida, has acquired money transmitter and other regulatory licenses in most U.S. states over recent years. Kraken is also expanding in the European Union, having recently acquired Netherlands-based crypto firm BCM and obtained several virtual asset service provider licenses across the region.
