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Laxman Pai, Opalesque Asia:

Kraken, one of the world's longest-operating cryptocurrency exchanges, has just acquired Interchange, which offers crypto-asset management solutions for institutional players.

According to a press release, the transaction creates the world's first end-to-end crypto trading and reconciliation platform and brings Interchange co-founders and well-known crypto veterans Dan Held and Clark Moody to Kraken.

Interchange serves over 60 clients, including fund administrators, hedge funds and crypto exchanges. It offers accounting and portfolio reconciliation tools designed for the nuances and complexities of digital asset markets.

Founded to improve access to crypto markets, Interchange enables institutional investors to monitor and report their cryptocurrency holdings. Its clients including MG Stover, the world's largest fund administrator for digital asset funds, value the reliability and intuitive nature of the software.

Since 2014, Kraken has registered a triple-digit growth rate in institutional clients year-on-year and continues to create new and products to address their persistent challenges.

Together with Cryptowatch - Kraken's popular multi-exchange charting, trading, and portfolio-tracking platform - Interchange will provide investors and traders with an end-to-end solution to manage and optimize their portfolios, the release said.

The addition of Interchange will enable Cryptowatch to offer a set of products......................

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