Kraken Expands Its Reach in Australia & UK Markets; Adds 26 AUD & GBP Trading Pairs
The Kraken crypto exchange has added about 26 pairs for 14 assets as the platform increases its presence in the two major currencies.
In a press statement sent to Bitcoin Exchange Guide, the exchange stated that the move is guided by “substantial upside potential” in the two markets. Jonathon Miller, the exchange’s managing chief for Australia, explained that the market was ripe for enhanced offerings and services.
“The digital currency industry is at a critical tipping point as institutional investors start to allocate into the asset class. By expanding AUD and GBP markets into a far greater number of digital assets, Kraken is doubling down on its commitment to ensuring all clients globally can more seamlessly interact with any number of the cryptocurrencies available on our exchange.”
This means that Kraken users can use either GBP or AUD to buy the various assets named above and at the same time get regular rewards via Kraken’s staking service.
The latest pairing is the exchange’s largest in history and will enable clients to use GBP and AUD to have greater exposure in some of the market’s fastest growing segments, said the statement. Kraken Europe managing chief, Curtis Ting, explained that the cryptocurrency is diverse and wide.
“The cryptocurrency space isn’t just about Bitcoin, and it isn’t just about the U.S. dollar.”
As per the exchange, the UK is one of its highly active markets when it comes to staking cryptocurrencies. On the same note, Australia is one of the world’s fastest growing markets.