{"id":264814,"date":"2021-06-02T17:22:39","date_gmt":"2021-06-02T14:22:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinbase-rival-kraken-launches-mobile-crypto-trading-in-us\/"},"modified":"2021-06-02T17:22:39","modified_gmt":"2021-06-02T14:22:39","slug":"coinbase-rival-kraken-launches-mobile-crypto-trading-in-us","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinbase-rival-kraken-launches-mobile-crypto-trading-in-us\/","title":{"rendered":"# Coinbase rival Kraken launches mobile crypto trading in US"},"content":{"rendered":"

“# Coinbase rival Kraken launches mobile crypto trading in US <\/strong>”
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Major global cryptocurrency exchange Kraken has launched a mobile crypto trading app<\/a>lication in a new move to boost industry adoption in the United States.<\/p>\n

The company announced<\/a> Wednesday that its new app is now available for most of the United States as well as other countries around the world for both iOS and Android users.<\/p>\n

The app allows users to trade more than 50 cryptocurrencies like Bitcoin (BTC) and Ether (ETH) via smartphones. The move follows<\/a> a rollout of the Kraken mobile app in Europe this January.<\/p>\n

\u201cThis consumer app is our first major foray into supporting wider consumer adoption in a much more simplified, easy-to-use interface,\u201d Kraken chief product officer Jeremy Welch reportedly noted<\/a>.<\/p>\n

The new app launch comes amid Kraken trading volumes growing more than sixfold on year-to-date as of May, Welch said. \u201cThe last five months have been pretty unreal at Kraken. We\u2019ve seen a surge in new clients and in all-time highs,\u201d he added.<\/p>\n

Launched in 2013, Kraken reportedly says that it has 7 million customers so far, being one of the world\u2019s largest crypto trading venues, competing with companies like Binance, Huobi, and Coinbase. The exchange is ranked<\/a> the fourth-largest cryptocurrency trading platform by daily trading volumes at the time of writing, according to data from CoinMarketCap.<\/p>\n

Kraken\u2019s newly rolled app will not be supported all across the U.S. as the exchange does not offer<\/a> services to residents of Washington and New York due to the \u201ccost of maintaining regulatory compliance.\u201d The company is registered as a money services business with the U.S. Treasury Department\u2019s FinCEN and says it complies \u201cwith legal and regulatory requirements in all jurisdictions\u201d of operation.<\/p>\n

The new availability comes less than two months after Kraken\u2019s major rival, Coinbase exchange, went public on Nasdaq in April. Subsequently, major investment trust RIT Capital Partners acquired a stake in Kraken, with RIT exec James Glass noting that the crypto exchange is reportedly set to go public through a direct listing in 2022. Bloomberg reported in February that Kraken was in talks for new funding that could double its valuation to $10 billion.<\/p>\n