Major competitor of Binance and Coinbase, crypto exchange Kraken has just launched its new mobile application which targets both professionals and the general public who are new to Bitcoin and cryptocurrencies.
The mobile application available on Android and iOS makes it possible to simply buy or sell cryptocurrencies, users can view their orders and past transactions, the value of each investment and the percentage of its portfolio, monitor the prices of listed cryptocurrencies.
This new mobile application is available in countries where Kraken is present including the United States, Europe, with the exception of a list of restricted countries such as Japan, Afghanistan, Congo-Brazzaville, Congo-Kinshasa, Cuba, Iran, Iraq, Libya, North Korea, Syria, or Tajikistan in particular.
For US-based users, bank account deposits can be directly connected through the app to purchase crypto.
Renowned for its reliability and security, Kraken has never been hacked, the trading platform is particularly popular because it offers trading with fiat currencies such as euros or dollars while many crypto exchanges only have stablecoins. like the USDT Tether.
Kraken’s new mobile app complements the Kraken Pro app where users can trade on margin, place advanced order types, and access multiple chart and order book viewing options.
In Kraken Futures, clients of the platform can organize transfers between the Kraken Spot and Kraken Futures markets in order to trade Bitcoin Futures, more risky products and intended more for trading professionals.
Faced with ever-increasing competition in the trading market, including the recent arrival of PayPal in crypto trading, Kraken intends to consolidate its major position in the buying and selling of cryptocurrencies.
Kraken plans to go public in 2022 as we mentioned in a previous article, the crypto exchange is also preparing the launch of its own bank for its customers who hold Bitcoin BTC and cryptocurrencies who continue to suffer blockages and constraints from traditional banks.
The crypto exchange regularly adds new cryptocurrencies, it recently listed MINA, and now offers Cardano ADA staking on its platform.
If you want to know more about Kraken and its mobile crypto application, visit their website: click here.
