San Francisco-based Cryptocurrency Exchange Kraken announced the acquisition of the European regulated derivatives trading platform and index provider Crypto Facilities according to a press release published by the company. In a nine-figure deal, its largest acquisition to date and one of the most significant purchases in the crypto market history, Kraken bought the London-based startup Crypto Facilities in an effort to meet client demand for new products and innovation. With the acquisition, Kraken will become "a global leader in cryptocurrency spot and futures trading." In a separate announcement, the company highlighted that Kraken has become the first crypto exchange to offer spot and futures trading to clients. "Say bye-bye to the days of switching back-and-forth between exchanges. Whether you want your crypto delivered now or in the future, keep track of one account, in one place, and do it all with your many-tentacled friend who you’ve known and trusted since 2013." Kraken said that eligible "clients will gain access to futures on six cryptocurrency pairs, providing a highly efficient way to trade and hedge cryptocurrency in any market environment." It will be possible as Crypto Facilities offers 24/7 trading for cryptocurrency derivatives, as well as for cryptocurrencies indexes like the CME CF Bitcoin Reference Rate that powers the CME Group's Bitcoin futures. In the press release, Kraken CEO Jesse Powell highlighted the excitement in Kraken for the new services that Crypto Facilities will provide to the Kraken family. "We are excited to introduce eligible clients to these industry-leading futures and index products. Over the coming months, our teams will continue to enhance and expand these offerings. We have got great stuff in store for traders and institutional clients in 2019." On the other hand, Crypto Facilities will now focus on the further innovation of their products. "It has been our mission to build the most sophisticated, powerful and user-friendly cryptocurrency trading platform," Crypto Facilities CEO and Founder Timo Schlaefer said. "Teaming up with Kraken allows us to innovate the next generation of products and tremendously boosts the value we are able to provide to our clients." Kraken is based in San Francisco, but Crypto Facility will remain in London as the company wants to profit from the regulatory framework in England under the surveillance of the Financial Conduct Authority. It reflects "Kraken’s commitment to the UK as the leading financial and cryptocurrency hub in Europe," the press release says. If you would like to find out more about Kraken, click here to read a detailed review on this Cryptocurrency Exchange.