The Swiss Franc Makes Its Debut
San Francisco’s beloved crypto hub, Kraken, is adding a new member to its financial family: the Swiss franc (CHF). On December 5, nestled comfortably in a blog announcement, Kraken revealed its strategic collaboration with Bank Frick, based in the picturesque Liechtenstein, to introduce this new fiat asset.
Trading Tiers Begin
Mark your calendars! Starting December 6, crypto enthusiasts will be able to trade the Swiss franc. The initial pairs will include CHF against Bitcoin (BTC) and Ether (ETH), with the potential for more trading partners in the pipeline. It’s about time we gave our wallets a little Swiss flair, don’t you think?
Kraken’s Growing Portfolio
Kraken isn’t just about the franc, though. Currently, it supports a fine selection of fiat currencies: the United States dollar (USD), Canadian dollar (CAD), euro (EUR), British pound sterling (GBP), and Japanese yen (JPY). Looks like it’s a multicultural party in here!
Joining the Silvergate Exchange Network
In their ongoing effort to enhance user experience, Kraken announced their integration with the Silvergate Exchange Network (SEN). This new feature enables customers to sidestep fees when depositing and withdrawing U.S. dollars from Silvergate accounts. Cha-ching! Less fees mean more crypto to play with.
Mobile App Madness
For those who thrive on the go, Kraken has introduced a mobile version of its Future trading app. Initially launched earlier this year, it was exclusively available on web browsers but now, much to the delight of iOS and Android users, it’s ready to roll. Because who said crypto trading should be a desk job?
New Listings in October
But wait, there’s more! October saw the addition of OmiseGO (OMG) and PAX Gold (PAXG) tokens to Kraken’s impressive lineup. It’s clear that Kraken isn’t just resting on its laurels, but actively pursuing new avenues to keep traders engaged.
Market Standing
As if that wasn’t enough, Kraken is holding its ground as the 9th largest cryptocurrency exchange globally, boasting a recent 24-hour trade volume of around $103.9 million, according to Coin360. It’s evident that Kraken is not only about innovation but also about significant reliability in the bustling world of cryptocurrency.
