Beeks Financial Cloud Group Plc ( (GB:BKS) ) has provided an announcement.
Beeks Financial Cloud Group plc has announced a significant partnership with Kraken, a prominent cryptocurrency exchange, to launch a colocation service for ultra-low latency trading. This marks Beeks’ first venture into the cryptocurrency exchange market, leveraging its Exchange Cloud to provide institutional-grade infrastructure from Kraken’s European data center. The partnership, structured as a revenue share deal, is expected to enhance Beeks’ market presence and profitability by tapping into Kraken’s extensive client base of 13 million users, offering substantial revenue growth opportunities.
More about Beeks Financial Cloud Group Plc
Beeks Financial Cloud Group plc is a leading managed cloud provider specializing in the financial markets sector. The company offers Infrastructure-as-a-Service optimized for low-latency private cloud compute, connectivity, and analytics, enabling deployment and connection to exchanges, trading venues, and public cloud for a hybrid cloud experience. Beeks is ISO 27001 certified, ensuring world-class security, and is listed on the London Stock Exchange.
YTD Price Performance: -8.96%
Average Trading Volume: 210,829
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £170.6M
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