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.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
DC Forecasts - Newsletter and get recent news directly to your inbox! Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.