The crypto trading platform has joined the exchange network of the Californian-based firm Silvergate (SEN).
Kraken has announced through a blog post that the association with SEN will allow exchange users to deposit and withdraw assets from the platform 24/7 without paying any fee. Access to the new feature will be available to all verified Kraken Pro users.
Those users who already have a Silvergate account shall contact a Kraken Client Engagement Specialist to enable SEN funding for their accounts, while the rest of clients will be required to register first with the bank.
Earlier this month Silvergate went public on the New York Stock Exchange after attracting $40M. The bank had previously informed the US Securities and Exchange Commission (SEC) that as of September 30, it had 756 customers in the crypto sector.
In September iHodl reported that a bug in Kraken had allowed its users to buy bitcoin with a discount.
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