The popular San Francisco based cryptocurrency exchange Kraken adds support for the Swiss Francs (CHF) which is its latest fiat asset in the news. As a blog post on December 5th showed, the exchange said that the new update comes in a joint collaboration with the Liechtenstein based Bank Frick.
The Swiss franc now joins a roster of fiat currencies which Kraken already supports. These include the Untied States Dollar (USD), the Canadian dollar (CAD), the Euro (EUR), the British Pound Sterling (GBP) as well as the Japanese Yen (JPY).
As the cryptocurrency exchange Kraken also revealed, CHF trading will officially kick off on Friday, December 6, and will roll out the trading pairs between the Swiss franc and Bitcoin (BTC) and Ether (ETH) with the future possibility of adding more trading pairs.
“This latest partnership further promotes our mission of delivering financial freedom by giving clients more choice when it comes to managing their assets,” the blog post noted.
As one of the oldest Bitcoin exchanges in the world, Kraken is in the cryptocurrency news all the time. It recently announced that it was joining the Silvergate Exchange Network (SEN) and would enable its customers to deposit and withdraw US dollars from Silvergate without any fees.
As for the minimum deposit and withdrawal, the cryptocurrency exchange Kraken limited it to 100 CHF as the minimum – and 10,000,000 CHF per transaction as the maximum, as previously set within the account limits.
“We will trade BTC/CHF and ETH/CHF, with the potential of adding more in the near future. Trading will begin on Friday, December 6 at 14:30 UTC,” the update noted.
Before this, the Bitcoin news updates showed that the cryptocurrency exchange Kraken officially rolled out its Kraken Future trading app, which was created earlier this year and was previously only available on a web browser. The news confirmed that the app will be now available on both the iOS and Android platforms.
In October, Kraken added support for OmiseGo (OMG) and PAX Gold (PAXG) tokens, both of which are popular in the altcoin world. As data from Coin360 shows, the cryptocurrency exchange Kraken is the ninth (9th) largest exchange right now by its 24-hour trading volume. Over the past day, it has reportedly reached $103.9 million in trading.
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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.
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