The acquisition of Interchange will allow the platform to expand the functionality. The founders of Interchange will become a part of Kraken’s top management. Cryptocurrency exchange Kraken has acquired a startup Interchange that allows institutional investors to access tools for efficient cryptocurrency portfolio management. Thus, the Interchange functionality allows cryptocurrency hedge funds, asset managers and other large investors to keep accounts, and reconcile financial statements for processed transactions. The founders of the startup are entrepreneurs Dan Held, the former director of Blockchain, and Clark Moody, the creator of the RTBTC trading platform. Now they will become a part of Kraken’s top management team. “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,” Jesse Powell, Kraken CEO commented in the press-release. Representatives of the exchange claim that this acquisition will make it the first the platform in the world that provides all the services necessary for trading and preparing financial statements. Notably that at the time of the acquisition, Interchange had over 60 institutional clients, including hedge funds. At the beginning of 2017 Kraken acquired Cryptowatch, a service for cryptocurrency prices monitoring. In early 2019 the exchange bought Crypto Facilities for trading cryptocurrency derivatives; the trading volumes of the platform grew by 500%. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Bitcoin surpasses stocks in Google searches FX Street 4 years The acquisition of Interchange will allow the platform to expand the functionality. The founders of Interchange will become a part of Kraken's top management. Cryptocurrency exchange Kraken has acquired a startup Interchange that allows institutional investors to access tools for efficient cryptocurrency portfolio management. Thus, the Interchange functionality allows cryptocurrency hedge funds, asset managers and other large investors to keep accounts, and reconcile financial statements for processed transactions. The founders of the startup are entrepreneurs Dan Held, the former director of Blockchain, and Clark Moody, the creator of the RTBTC trading platform. Now they will become a part of Kraken's… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.