Thursday, 18 June 2020 05:58

US bitcoin exchange Kraken launches Australian operation

By
Kraken Australia managing director Jonathon Miller. Kraken Australia managing director Jonathon Miller. Supplied

San Francisco-based Kraken, a secure bitcoin exchange, has launched operations in Sydney, with the Australian dollar to become its seventh fiat currency.

A statement from the company on Wednesday said the Australian dollar would join the US dollar, Canadian dollar, Swiss franc, the euro, the British pound and Japanese yen. Clients would be able to trade in cryptocurrencies including bitcoin, ethereum, litecoin, ripple, bitcoin cash and tether.

The company, founded by chief executive Jesse Powell in 2011, is claimed to be consistently rated the secure exchange for digital assets.

In January, Kraken acquired Bit Trade, Australia's longest running cryptocurrency operation.

Kraken Australia managing director Jonathon Miller said the company was being launched at an exciting "when Australian investors increasingly turn toward cryptocurrencies to diversify their portfolios".

“We are entering the market at just the right time with a market-leading digital asset exchange that will resonate with Australians looking to diversify into some of the world’s most exciting Crypto
assets," Miller added.

The company claimed that the interest in cryptocurrency had been rising as it had seen a record number of sign-ups since March.

Miller noted that Kraken had hired 200 new workers to meet this new client demand. In addition to Kraken’s low trading fees in Australia, it will now offer instant funding to domestic clients who are making deposits through Osko and PayID enabled Australian banks.

More than four million traders, institutions and authorities are claimed to use Kraken. In 2018, about US$90 billion was processed. Kraken's investors include Hummingbird Ventures, Blockchain Capital and Digital Currency Group, among others.


Subscribe to Newsletter here

NEW OFFER - ITWIRE LAUNCHES PROMOTIONAL NEWS & CONTENT

Recently iTWire remodelled and relaunched how we approach "Sponsored Content" and this is now referred to as "Promotional News and Content”.

This repositioning of our promotional stories has come about due to customer focus groups and their feedback from PR firms, bloggers and advertising firms.

Your Promotional story will be prominently displayed on the Home Page.

We will also provide you with a second post that will be displayed on every page on the right hand side for at least 6 weeks and also it will appear for 4 weeks in the newsletter every day that goes to 75,000 readers twice daily.

POST YOUR NEWS ON ITWIRE NOW!

PROMOTE YOUR WEBINAR ON ITWIRE

It's all about Webinars.

These days our customers Advertising & Marketing campaigns are mainly focussed on Webinars.

If you wish to promote a Webinar we recommend at least a 2 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://www.itwire.com/itwire-update.html and Promotional News & Editorial.

For covid-19 assistance we have extended terms, a Webinar Business Booster Pack and other supportive programs.

We look forward to discussing your campaign goals with you. Please click the button below.

MORE INFO HERE!

BACK TO HOME PAGE
Sam Varghese

website statistics

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

BACK TO HOME PAGE

ZOOM WEBINARS & ONLINE EVENTS

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Research & Case Studies

Channel News

Comments