Kraken Purchases Crypto Division of US Online Brokerage Firm

Kraken has purchased the cryptocurrency division of TradeStation, an online brokerage, in an effort to expand its services in the United States.

The exact closing date of the acquisition is not yet known, as Kraken has not disclosed it and TradeStation has declined to comment.

This acquisition is part of Kraken’s larger strategy to expand into various markets, including the United States, where it has recently obtained licenses in multiple European countries.

The purchase of TradeStation’s crypto business will support Kraken’s growth in the US and open up new opportunities for product development.