Kraken Adds Support For Its Latest Fiat Asset ‘Swiss Franc’

Kraken, the San Francisco-based cryptocurrency exchange, is adding support for its latest fiat asset, the Swiss franc (CHF).


Kraken Cryptocurrency Exchange Adds Support For the Swiss Franc https://t.co/SgijDErcVQ Kraken crypto exchange is adding support for its latest fiat asset, the Swiss franc https://t.co/dUtxFPgeyq News pic.twitter.com/JB8xDDC3kl — CryptoPost (@crypto_PST) December 6, 2019

On December 5, it has been reported that Kraken said in collaboration with Liechtenstein-based Bank Frick, the Swiss franc will join the roster of fiat currencies that Kraken already supports, namely the United States dollar (USD), the Canadian dollar (CAD), the euro (EUR), the British pound sterling (GBP), and the Japanese yen (JPY).

However, the Kraken team further revealed that CHF trading begins today (December 6) and it will roll out trading pairs between the Swiss franc and Bitcoin (BTC) and Ether (ETH), with the future possibility to add more trading pairs.

Moreover, Kraken, one of the largest and oldest Bitcoin exchanges in the world, recently announced that it was joining the Silvergate Exchange Network (SEN) to enable its customers to deposit and withdraw U.S. dollars from Silvergate accounts with no fees. 

Prior to that, Kraken introduced the mobile version of its Kraken Future trading app, which was created earlier this year and was previously only available on a web browser. The app will be available on both the iOS and Android platforms.

It has been analyzed that in October 2019, the exchange-listed OmiseGO (OMG) and PAX Gold (PAXG) tokens.

Thus, Kraken is the 9th largest cryptocurrency exchange by 24-hour trade volume, reportedly reaching $103.9 million over the last day.

Source: cointelegraph.com

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