Kraken Enables New Options To Fund 5 Top Fiat Currencies; USD, EUR, GBP, CAD and JPY
Kraken, a crypto exchange based in the U. S., has recently started a new partnership with Etana Custody. This new partnership will enable the company to offer deposits and withdrawal for five major fiat currencies: U. S. dollars (USD), euro (EUR), Canadian dollar (CAD), British pound (GBP) and the Japanese yen (JPY).
The company announced that starting this week, the new partnership will enable the clients to use these options. However, the standard “Starter” accounts. Only “Intermediate” and “Pro” accounts will receive the benefit.
In order to use this new feature, the traders will have to use the integrated Etana Custody Wallet and to register a bank account that will wire the money to buy the new tokens. Unfortunately, it may take up from one to five business days in order to receive your tokens since wire transfers are notoriously slow.
The customers of the company will also be able to convert their money between all the five fiat currency options, according to the announcement.
It was also revealed that because of this integration the users can also access the market via Meta Trader platforms without issues.
Etana Custody is a company based in Auckland that provides crypto custodial solutions for its clients. Kraken is considerably more famous and it is one of the most important crypto exchanges in the world. It has 24 crypto tokens listed that form 74 unique trading pairs.
Several Crypto Exchange Are Starting to Support Fiat
The crypto world definitely does not live in isolation anymore. As crypto trading started to get really prominent, several companies are following the same trend that Kraken is following just now: they are starting to offer fiat options.
Bitstamp, for instanceiss a major European exchange that has finally started to accept GBP. This is very important, especially now that Brexit is about to happen because it will connect the U. K. to European crypto markets.
Smart Valor, too, is a Swiss platform that is considerably interested in creating a bridge between the crypto world and fiat currencies. It seems that integration is the way for the future.