The cryptonews today show that the exchange Kraken adds 26 new crypto trading pairs for its customers in the United Kingdom and Australia, thereby doubling the number of trading pairs available to its customers. The people using pounds sterling (GBP) and Australian dollars (AUD) now have more options for investing in crypto.
A press release that was distributed on Thursday showed that the exchange expands its presence in two markets that have “substantial upside potential,” noting the following:
“The digital currency industry is at a critical tipping point as institutional investors start to allocate into the asset class,” said Kraken’s managing director for Australia, Jonathon Miller. “Through a marked expansion in trading pairs … clients globally will be able to gain exposure to cryptocurrencies at the bleeding edge.”
What we can see is that even 14 of the pairs that the exchange added are now able to be traded against GBP and AUD on the 10-year old exchange. Kraken adds 26 new pairs in total, but not all of them can be exchanged for each other.
Some of the new offerings include Stellar (XLM), Cardano (ADA), Chainlink (LINK) and Polkadot (DOT) among others, now available in GBP and AUD. The image shows the new pairs in full detail.
At the same time, the Bitcoin news shows that this is the largest pair expansion in the history of the Kraken exchange, allowing GBP and AUD users to gain greater exposure in some of the “fastest growing segments” in the industry.
“The cryptocurrency space isn’t just about Bitcoin, and it isn’t just about the US dollar,” said Curtis Ting, Kraken’s managing director, Europe.
According to Kraken, the UK is one of the most favorable destination and an active customer base in relation to staking cryptocurrencies. On the other hand, Australia represents one of the fastest growing markets since it began operations in the country only in June 2020.
On a large scale, the fact that Kraken adds 26 new trading pairs speaks a lot for its reputation, but also a lot for the popularity of crypto in UK and Australia. Both countries have seen increased interest by individuals but also institutions, and their regulatory climate seems to be uncovering new changes.
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