BREAKING: just announced the acquisition of London-based Crypto Facilities in a deal worth over $100 million.
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That's a big deal.
Based on reported avg volume of $20mm to $60mm per day and fees of about 5bps, looks like Kraken took them out for between 9 and 27 times revenue.
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Nice find
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Don't forget about the index business.
Yes, good point.
Happy for you to fill in the blanks for me on that. :)
Congratulations on the deal. The product offerings are very complimentary.
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