Crypto is nowhere close to being dead. Kraken’s newly acquired Crypto Facilities has seen around $1 billion traded in crypto futures already in February, according to an article released today by CoinDesk. Sui Chung, Crypto Facilities’ head of pricing products and indices, told CoinDesk that futures trades have grown more than 500% since Kraken acquired the futures exchange.

Kraken Acquires Crypto Facilities

On February 4th, US-based cryptocurrency exchange Kraken announced the acquisition of Crypto Facilities. At the time, the cryptocurrency exchange didn’t release the exact figures for the transaction and just called it a ‘nine-figure’ deal. Later, it was released that Kraken bought the index trading platform for $100 million. Crypto Facilities provides Bitcoin (available on Coinbase) (BTC) and ETHer (ETH) reference rates to the CME Group—one of the first groups to list Bitcoin (available on Coinbase) Futures contracts in the US.

Since the acquisition, it seems that Crypto Facilities traffic has increased four times. Chung told CoinDesk that the company’s daily users have “gone up by a factor of four” and the traffic growth has been seen across all its platforms.

Currently, Crypto Facilities offers cryptocurrency future trades for Bitcoin (available on Coinbase) (BTC), ETHer (ETH), XRP, Litecoin (available on Coinbase) (LTC), and Bitcoin (available on Coinbase) Cash (BCH). Chung says that the nearly $1 billion in futures trades last month was spread out between all the coins offered and thinks Kraken’s acquisition helped.