Known as a serious and professional crypto exchange, Kraken launches forex trading on its global platform.
Specialized in Bitcoin and cryptocurrency trading, Kraken is diversifying and betting on fiat currency trading like Euro (EUR), Dollar (USD), Pound Sterling (GBP), Swiss Franc (CHF), Japanese Yen (JPY), Canadian Dollar (CAD) and Australian Dollar (AUD).
Launched on March 12, 2020 in the midst of a global financial apocalypse, Kraken will therefore allow trading of CAD, CHF, EUR, GBP, JPY, AUD and USD currencies directly on its platform.
The United States cannot participate in forex trading on Kraken, all other countries are accepted.
Kraken indeed has fiat currencies on its exchange platform which allow in particular to sell or buy Bitcoin, Ethereum and other altcoins with national currencies like the euro.
Here are the FX Currency Pairs:
EUR/CAD
USD/CAD
EUR/CHF
EUR/GBP
USD/CHF
EUR/JPY
USD/JPY
EUR/USD
GBP/USD
The fees applied to stablecoins on Kraken will apply to these new forex trading pairs.
There is no margin trading planned for Kraken forex trading yet.
Very safe, Kraken was founded in 2011 and has never been hacked unlike other exchanges on the market.
If you want to trade forex on Kraken, just open an account: click here.
