Kraken Secures Japanese Tech Giant's Investment to Lead Its Series B Round

[kreslik.news]

Less than two weeks after Kraken reveled that they were acquiring North American exchanges Coinsetter and Cavirtex, the global bitcoin exchange just announced a multi-million dollar agreement with SBI Investment to invest in and lead the Series B round of financing in Kraken. SBI Investment is the venture capital arm of SBI Holdings, a Japanese internet-based financial conglomerate. The terms of the deal were not disclosed at this time.

SBI Holdings, the parent company of SBI Investment, generated operating revenues of ¥245 billion in 2015, or over $2 billion dollars, including an operating income of ¥68.2 billion or approximately $570 million. The ... (read more)