This week the San Francisco-based bitcoin exchange Kraken announced the acquisition of the popular charting and trading platform Cryptowatch.
Kraken Acquires The Cryptocurrency Market Visualization Tool Cryptowatch
Cryptowatch is a charting and trading platform that covers over 150 markets in real-time. The application covers 22 digital assets such as Bitcoin, Ethereum, Monero, and Lisk. Over the past two years, Cryptowatch says it has seen significant growth and has increased its user base by 700%. The market visualization tool was created by Artur Sapek back in January of 2014. Sapek says Cryptowatch will remain free and publicly accessible as Kraken will just make things faster and more reliable. The Cryptowatch founder will be joining the Kraken team developing Cryptowatch and leading the development of Kraken’s interface.
“In just two years Cryptowatch grew into one of the pillars of the digital asset trading community,” explains Sapek. “Teaming up with an exchange was the natural next step, and Kraken was my first choice. The Kraken team has built a very mature and reliable exchange, and I look forward to working with them to deliver the best trading software in the industry.”
Trading Interface and User Experience Improvements
Starting today, all Kraken users will be able to access the trading platform via https://trade.kraken.com. Furthermore, Kraken says customers can expect the exchange’s trading interface and UX to improve in the long run. Alongside this Kraken has released a blog post detailing step by step instructions on how to trade using the Cryptowatch platform. Kraken looks forward to working together with Cryptowatch and having Sapek join the team.
“I’m thrilled to welcome the Cryptowatch trading platform and its founder into the Kraken family,” detailed Kraken CEO Jesse Powell. “As the industry’s leading charting tool for traders, we plan to devote more resources and talent to further enhance its offering. And we’ve purposed the technology to provide a great new charting and trading platform to Kraken clients as the first step in improving our own interface. It’s a great start to 2017, and I can’t wait to share what else we’ve got in the pipeline.”
Kraken Has Seen Significant Growth Over the Past Year
Kraken has had quite the year in regards to acquisitions and landmark deals. Over the course of the past few months, Kraken has acquired three bitcoin exchanges such as Coinsetter, Cavirtex, and Clevercoin. Alongside this the San Francisco-based company has just recently acquired the startup Glidera, which will soon be known as Kraken Direct.
Bitcoin.com chatted with Kraken founder Jesse Powell to ask him how he feels about Kraken’s growth this year.
“2016 was a big year for Kraken and we expect 2017 to be no different,” Mr. Powell told Bitcoin.com. “We’re very optimistic about Kraken’s future and humbled by the great success we’ve had so far. As excited as we are, we continue to be laser-focused on our top priority: providing Kraken clients with the best and most reliable trading experience possible. Security has always been central for us, and this year we turn our attention to upgrades in areas such as the user interface and trade engine.”
Moreover, Mr. Powell tells our readers that adding Cryptowatch will be quite beneficial to Kraken traders. “Improved performance during heavy trading periods and a customizable, user-friendly, new trade interface are just two of the ways Kraken clients will immediately benefit,” explains the Kraken founder. “We plan to introduce new upgrades in the coming months as part of our continued commitment to developing the best trading platform in the industry.”
What do you think about Kraken acquiring Cryptowatch? Let us know in the comments below.
Images via Shutterstock, and Kraken.