Kraken acquires Interchange, a crypto accounting specialist firm

Kraken revealed on Wednesday that it has acquired trading services provider Interchange, according to The Block, a move that would allow the exchange to offer accounting and so-called trade reconciliation tools to its clients under the same roof as its trading and OTC services. Interchange, co-founded by former Blockchain.com director Dan Held, offers crypto accounting and reporting tools that help trading firms and hedge funds account for their trading across various venues, as well as for properly paying their taxes and reporting on a quarterly basis to their investors.