Kraken extends crypto exchange service in Australia. The California-headquartered company revealed on Wednesday that it would begin operations in Sydney, Australia, with local customers able to finance their Australian Dollar (AUD) accounts. The exchange said it would provide instant finance to users making deposits through Australian bank accounts enabled by Okso and PayID.
The new addition marks the seventh national currency in Kraken’s fiat on-ramps, joining the United States dollar (USD), Canadian dollar (CAD), Swiss franc (CHF), euro (EUR), British pound (GBP) and Japanese yen (JPY).
“We’re thrilled to be launching Kraken Australia today at a time when Australian investors increasingly turn toward cryptocurrencies to diversify their portfolios,” said Jonathon Miller, managing director of Kraken Australia.
Kraken Australia users will be able to execute AUD trades against common cryptocurrencies including Bitcoin ( BTC) Ether (ETH), Litecoin ( LTC), XRP (XRP), Bitcoin Cash ( BCH) and stablecoin Tether (USDT). General users based outside the U.S will also be able to exchange AUD against USD , EUR and JPY.
In January 2020, Kraken purchased one of the longest operating crypto-currency exchanges in Australia, Bit Trade. The company’s CEO, Miller, was named to direct Kraken’s national operations at the time.
[image: Earth’s Attraction]