In addition to using Kraken for leveraged margin trading and exchange between 11 digital assets and 5 national currencies worldwide, the acquisition means that clients will soon be able to experience direct one-click buying and selling of bitcoin and other digital assets via convenient payments like ACH transfers. Other future benefits include:
Kraken exchange clients in the US will enjoy the added convenience of ACH bank payments to fund their trading accounts - currently offered through Glidera for wallet funding.
Glidera will be rebranded under the name ‘Kraken Direct’ and clients will be able to access both it and Kraken’s exchange service via a single account.
“This acquisition rounds out a fantastic year for Kraken,” said Jesse Powell, CEO of Kraken. “We’ve seen incredible growth throughout 2016 across all areas of our business. We’re looking forward to an even better 2017 with this acquisition and our new ‘Kraken Direct’ service playing a key role.”