Kraken Adds 26 Crypto Trading Pairs to Capture Growing UK, Australia Markets

Kraken's biggest-ever expansion of trading pairs is aimed at growing its presence in the two promising markets.

AccessTimeIconJan 21, 2021 at 2:30 p.m. UTC
Updated Aug 19, 2021 at 6:43 a.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Cryptocurrency exchange Kraken has more than doubled the number of trading pairs available to customers using pounds sterling (GBP) and the Australian dollar (AUD).

In a press release Thursday, the exchange said the move expands its presence in two markets that have "substantial upside potential."

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • “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."

    Fourteen of the exchange's listed cryptocurrencies are now able to be traded against GBP and AUD on the near 10-year-old exchange. Not all cryptocurrencies available on Kraken can be directly exchanged for each other.

    The new offerings pair stellar, cardano, chainlink and polkadot, among others, against GBP and AUD.

    screen-shot-2021-01-21-at-12-51-05-pm

    The news marks the largest pair expansion in Kraken's history and allows traders using GBP and AUD to gain greater exposure in some of the industry's "fastest-growing segments," the exchange said.

    “The cryptocurrency space isn’t just about Bitcoin, and it isn’t just about the U.S. dollar,” said Curtis Ting, Kraken’s managing director, Europe.

    According to the exchange, the U.K. is one of Kraken's most active customer bases in relation to staking cryptocurrencies, while Australia represents one of the exchange's fastest-growing markets since it began operations in the country last June.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.