- One of the oldest cryptocurrency exchanges in the world, Kraken, has now added a seventh funding option for US citizens.
- Traders can avail a new funding method via dollars can now do so via an MVB wire transfer.
- Users who have an account in MVB bank can now purchase cryptocurrency swiftly. The minimum withdrawal/deposit limit capped at $20.
One of the oldest cryptocurrency exchanges in the world, Kraken, has now added a seventh funding option for US citizens. Traders can avail a new funding method via dollars can now do so via an MVB wire transfer. Their mission of accelerated adoption of cryptocurrency is now taking shape. They are empowering hundreds of investors and thousands of institutions across the world through their efficient system. Kraken is at the forefront of Fintech since its inception in 2011, two years after the birth of digital currency.
Kraken Added MVB wire transfer
Users who have an account in MVB bank can now purchase cryptocurrency swiftly. The minimum withdrawal/deposit limit capped at $20. On the other hand, the maximum withdrawal/deposit limit depends on the level of the account in Kraken that is displayed on the withdrawal page.
Furthermore, the facility is available in all the places Kraken is active in the United States except for Texas. The processing fees for deposit/withdrawal are $4 which is quite minimal. The features are smooth and make for efficient transfer. Kraken acquired BitTrade, the Australian cryptocurrency exchange, early in 2020 and certainly makes it the market leader as far as cryptocurrency exchanges’ are concerned.
First-mover advantage has helped them settle
The exchange was the first to display market data on Bloomberg Terminal that has helped in its growth by leaps and bounds. The first cryptographically verifiable proof-of-reserves audit was also passed Kraken. A major milestone was crossed in 2019 when it added cryptocurrency futures trading on its platform. David Ripley, the COO of Kraken, exclaimed that they are committed to supporting innovations in the Fintech sector and at the same are looking for the best funding methods available.
An expert opines that cryptocurrency has the potential to overtake the economy and replace fiat currency. It will lead to increased demand and exchanges like Kraken will only bloom during that stage. As half-of-the-world gears up for the switch to digital currency by the end of 2030, exchanges will be all the more beneficial for all the parties.