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Cryptocurrency trading platform Kraken has acquired Australian aggregator Bit Trade, bringing to five public acquisitions

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Increasingly, it's a game between big players.

According to The Block, SAN francisco-based cryptocurrency trading platform Kraken has acquired Australian cryptocurrency platform Bit Trade, which is one of Australia's longest-running cryptocurrency companies and offers an aggregate trading service that brings together multiple trading platforms.

The deal reportedly follows Kraken's acquisition of Circle Trade, which closed in late 2019. As part of the BIT Trade acquisition, Kraken will hire Jonathon Miller as managing director of Kraken in Australia. These assets will allow Kraken to expand its presence in Asia and the asia-pacific region. The acquisition brings the total number of public acquisitions by Kraken to five.

Block rhythm BlockBeats think, as trading circuit into the white-hot competition, merger or acquisition of the same trading platform is more and more become the choice of the trading platform, head like the previous currency Ann, Coinbase etc, all have the corresponding acquisition case, or enlarge the market share of a certain area, or add new business sector, predictably, the future for a period of time, this kind of case will also be more and more, the new players into the barriers will be more and more high.