Kraken Launches Crypto Exchange Service in Australia

Kraken Launches Crypto Exchange Service in Australia

Sydney, Australia (Taras Vyshnya/Shutterstock)

Kraken, one of the world’s largest exchanges by trade volume, is extending its services Down Under.

The California-headquartered firm announced on Wednesday it would be opening operations in Sydney, Australia, with local clients able to fund their accounts in Australian dollars (AUD). The exchange said it would offer instant funding to those users who make deposits via Okso and PayID-enabled Australian bank accounts.

The new addition marks the seventh national currency in Kraken’s fiat on-ramps, joining the U.S. dollar (USD), Canadian dollar (CAD), Swiss franc (CHF), the euro (EUR), British pound (GBP) and Japanese yen (JPY). Subsidiary Rolling Out Privacy Tech From Blockchain Firm ARPA


First Mover: Compound Has Been a DeFi Darling. Its New Token Is Priced Accordingly