Cryptocurrency exchange Kraken has announced it added support for the Australian dollar (AUD). Hence, the AUD becomes Kraken’s 7th fiat currency.
Currently, Kraken allows users to trade with USD, CAD, CHF, EUR, GBP and the JPY.
According to an official announcement, the exchange will also offer instant funding to domestic clients who are making deposits through Osko and PayID enabled Australian banks.
"Clients based outside the US will also have the opportunity to trade AUD FX pairs against the U.S. dollar, euro and Japanese yen with industry-low order minimums, making it even easier to gain exposure to more assets when executing orders on Kraken," the announcement states.
iHodl previously reported that Kraken added support for deposits and withdrawals of ERC20-based Tether (USDT) stablecoin.
Based on the Ethereum blockchain stablecoin USDT grew exponentially due to simplicity of use without mandatory KYC & AML verifications.
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