British cryptocurrency market sold in one of industry’s biggest ever deals

British cryptocurrency market sold in one of industry's biggest ever deals

A British cryptocurrency company founded by former bankers has been bought for at least $100m (£77m) in what is being described as one of industry’s largest ever deals. 

London’s Crypto Facilities, which allows trading in Bitcoin futures and derivatives, has been acquired by San Francisco-based Kraken, one of the world’s largest cryptocurrency exchanges, for a “nine figure sum”. Kraken did not disclose the exact number but lawyers at Hogan Lovells who advised the British company on the deal confirmed it was “one of the largest M&A deals the emerging crypto industry has seen”. 

The deal merges one of the world’s largest global websites for trading Bitcoin and other coins with the most popular…

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