Arthur Speak, the owner of Cryptowatch (cryptowat.ch), a web platform for trading and charting cryptocurrency, announced today it has been acquired by San-Francisco based exchange Kraken.
Arthur stated: “I started working on Cryptowatch as a side project in January 2014. It quickly grew into a tool that thousands of traders now rely on. After two years of developing and maintaining it alone, I started to feel like the project had outgrown me. I looked to team up with a company that had more resources. The Kraken team, whom I had previously met, was my first choice.”
“As one of the most reliable and mature Bitcoin exchanges, Kraken takes security and compliance very seriously. They are also a profitable, self-sustaining business. I’m confident that they’ll be a good long-term home for Cryptowatch.”
“Kraken will also benefit from this acquisition as we leverage Cryptowatch to improve the Kraken trading experience. I have joined their team and will continue developing Cryptowatch alongside them.”
“I’ll never forget the early days I spent building this thing and watching it grow up into what it is now. I look forward to the future even more.”
How does this affect Cryptowatch users?
Cryptowatch will remain free and neutral. The only difference one should expect as a user is faster development perhaps and more reliable service. Customers with a Cryptowatch subscription will continue to receive this service as normal.
How does this affect Kraken users?
All Kraken users now have free access to the Cryptowatch trading interface: https://trade.kraken.com.
Longer-term, one can expect Kraken’s trading interface and UX to continue improving as the company plans to invest in it.