Kraken, one of the oldest cryptocurrency exchanges in circulation, adds support to the Swiss franc

By Roberto D. | CryptoFarm | 6 Dec 2019


That the world of cryptocurrency trade is in constant turmoil and constantly changing is something quite known, after all these platforms must constantly evolve if they want to keep up with the times; for a long time we thought that decentralized exchanges would kill centralized platforms, but now a new trend is gaining ground and sees the same exchanges acquire or implement new DEX platforms to try to satisfy any need. Within the operations of each of us, in fact, at the same time it insists both the possibility of trading cryptocurrencies to accumulate bitcoins, and in this case we would like to do it anonymously and without having to issue documents, whether to exchange crypto with fiat currencies to bring out our profits and, in that case, we are forced to bow to the anti-money laundering rules. For this reason, many exchanges are developing decentralized platforms (it has made binaries developing chain binances, but also poloniex by recently acquiring the DEX of tron), while at the same time striving to comply with legal obligations to allow direct exchange from crypto to fiat and viceversa.

A platform that has always been very active in allowing fans to easily convert their currency currencies to legal tender is Kraken, who with a post on his official blog yesterday confirmed that he had added support to the Swiss franc which is going to add to the euro, the pound, the yen, the American dollar and the Canadian dollar in the patrol of fiat value dealt with by the exchange; there is almost to be sure that, in the near future, these platforms will evolve into real forex brokers even exchanges between fiat currencies and not only with cryptocurrencies. Starting today, however, on kraken it will be possible to trade paired with the Swiss franc, initially only for coins like bitcoin and ethereum, but later it has already been confirmed that they have added new pairs. In addition, he also announced his intention to join Silvergate's exchange network (SEN) to allow his customers to deposit and withdraw US dollars from Silvergate's accounts without commission, a user support service, even if bound to who operates in American dollars.

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Roberto D.
Roberto D.

Born, and still living, in Italy. Passionate about cryptocurrencies since I discovered ethereum in 2016 https://linktr.ee/robertod


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