Kraken Acquires Interchange, Boosting Institutional Crypto Services

Interchange, an American cryptocurrency portfolio accounting and reporting platform, was founded in 2018 by Dan Held and Clark Moody. The platform provided institutional-grade software tools for tracking digital asset holdings, auditing trade activity, and streamlining financial reporting across multiple trading venues.

In July 2019, Interchange was acquired by Kraken, a leading cryptocurrency exchange. This strategic acquisition integrated Interchange's institutional accounting engine into Kraken's platform ecosystem alongside Cryptowatch, enabling Kraken to offer comprehensive portfolio management and trade reconciliation services under a single brand.