Sale of Crypto Facilities to Kraken

Crypto Facilities is a world-leading cryptocurrency trading platform, offering individuals and institutions regulated, transparent and secure trading on a range of cryptocurrency derivatives. Founded in 2015 and headquartered in London, Crypto Facilities was the first regulated entity to offer futures on Bitcoin, Ethereum, Ripple XRP, Litecoin and Bitcoin Cash. Crypto Facilities is also the leading cryptocurrency index provider, calculating and administrating the CME CF Bitcoin Reference Rate powering the CME Group’s Bitcoin futures.

Crypto Facilities will remain London-based, benefiting from the regulatory oversight of the Financial Conduct Authority, one of the world’s most forward looking and innovation-focused regulators, and reflecting Kraken’s commitment to the UK as the leading financial and cryptocurrency hub in Europe.

Based in San Francisco, Kraken is the world’s largest global bitcoin exchange in euro volume and liquidity. Kraken’s clients also trade US dollars, Canadian dollars, British pounds, Japanese yen and other digital currencies. Founded in 2011, Kraken was the first bitcoin exchange to have its market data displayed on the Bloomberg Terminal, the first to pass a cryptographically verifiable proof-of-reserves audit and one of the first exchanges to offer leveraged bitcoin margin trading. Kraken is trusted by over 4 million traders, institutions and authorities across the world. In 2018 the exchange processed nearly $90bn in volume while its white-glove OTC desk handled over $2bn in trades.