Kraken did most significant ever expansion of trading pairs

A major crypto exchange added 26 crypto trading pairs
  • Kraken crypto exchange has listed fourteen new assets against GBP and AUD
  • The addition of the trading pairs can help the users of the exchange can now gain exposure to cryptocurrencies
  • The move of the exchange seems very strategic for the entire crypto industry

Kraken, the best platform to trade and learn about cryptocurrency, has recently announced the addition of GBP and AUD trading pairs of fourteen new crypto assets. With the addition of twenty-six pairs, the exchange has more than doubled its trading pairs. The trading platform users can now trade cryptos using Great Britain Pound (GBP) and the Australian Dollar (AUD). According to the exchange, the additional move has expanded its presence in two markets with substantial upside potential. However, only 14 exchanges offer to trade against GBP and AUD among ten-year-old cryptos exchanges globally.

What are the new trading pairs added by Kraken?

Kraken marked the largest pair expansion in its history by adding fourteen assets to trade against AUD and GBP. Such pairs include ALGO, ADA, ATOM, DOT, FIL, GRT, KSM, LINK, SNX, USDC, XLM, XTZ, and YFI against GBP and AUD. The addition could help the exchange to allow traders using the fiat currencies to gain exposure in some fastest-growing segments of the crypto industry. According to Curtis Ting, the managing director of Kraken Europe, the cryptosphere is not only about the leading cryptocurrency or just USD.

Users need to gain exposure to cryptos

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In recent months the crypto market performed amazingly attracting many eyes towards it. Behind the market’s performance, it was found that institutional investors’ entry was the primary reason. Indeed, as such investors started to devote into the asset class, the entire market is observed at a critical point of no return. According to Jonathan Miller, Kraken’s managing director from Australia, the addition of such pairs can help users worldwide gain exposure to digital currencies at the bleeding edge.

Kraken’s move is very strategic for the industry

According to Kraken, the United Kingdom is one of the exchange’s most active user bases. The UK users mainly focus on staking such currencies in the platform of the exchange. On the other hand, Australia represents the exchange’s fastest-growing market. Since Kraken began its operation in Australia last June, the exchange has observed soaring demand in the country. However, following the exchange’s operations, we can conclude that the addition of such assets pairs will help the users in the country gain exposure to the entire crypto industry.

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Ahtesham Anis
Ahtesham Anis is a Computer Science undergrad student currently based out of India. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.

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