Kraken Enters The World Of Bitcoin

Bitcoin has been a hot name in the cryptocurrency world for some time now. While there have been numerous ups and downs and a tumultuous history online, the currency is finally beginning to take shape in legitimate circles. The Digital Currency Exchange Kraken just acquired the Bitcoin Buying Service which means you can expect a lot of changes to take place in the Bitcoin world in the coming months. The wallet funding service Gliders was acquired by Kraken just recently, so the changes have not yet begun to take shape.

A Busy Year For Kraken

This isn’t the first move by Kraken this year. They’ve been snatching up startups left and right in hopes of making an even bigger impact on the online world. It’s a New York-based company that recently announced acquisition of such companies as CAVirtex, CleverCoin, and Coinsetter. These are extremely bold moves for the company which before then laid the foundation for its future acquisitions.

Plans for Bitcoin Buying Service

There can only be speculation as to what Kraken will do with the Bitcoin Buying Service, but it can definitely be expected to make a huge impact in online casinos. Bitcoin recently began to make a name for itself by being the funding source and betting method for wagering in online casinos. Bitcoin casinos have been a hot commodity all year and you can expect even more of them to pop up as time goes alone. Kraken will be a big part of the success of those ventures with its latest acquisition.

What’s next

Two services will be combined in the form of Gliders and Kraken and then they’re going to do an extensive rebranding campaign under the name of Kraken Direct. This will service international customers around the globe. You can then use your bank accounts to purchase Bitcoins and use those Bitcoins on online purchases of your choice. It’s a win-win situation for a good number of people and many anxious industry enthusiasts are optimistic about what this new partnership could mean for the success of Bitcoin in the future. Bitcoin casinos are universally rejoicing about the bold move by Kraken.

Only time will tell how this plays out in the world of online casinos and other industries, but it’s a bold, bright step forward for Bitcoin and for Kraken as a company. They are taking the currency under their wing and hoping to expend it into many now legal and legitimate markets both today and in the future. While there will be many regulations and legal hurdles to overcome in the future, the company is committed to doing something very prosperous with Bitcoin. They’ve invested time and the reputation of their company to ensure that loyal Bitcoin buyers can use their service to spend the currency online, just like they would spend any other legitimate currency.

CEO Sings Praises About The Move

Kraken’s CEO is excited about this new move and all of Kraken’s moves during 2016. He said, “We’ve seen incredible growth throughout 2016 across all areas of our business.” This is a CEO that is proud of what his company is doing and is proud to usher in a new era of prosperity for both Kraken and Bitcoin. People who are watching Kraken’s every move will no doubt see what the company does next both with their Bitcoin empire and other growing ventures they’ve invested in this year.