Leading cryptocurrency exchange Kraken has over doubled the amount of trading pairs available to its users using pounds sterling [GBP] as well as Australian dollar [AUD].
Within an official update today, the exchange said the move expands its presence in two markets that have “substantial upside potential.”
“The digital currency industry is at a critical tipping point as institutional investors start to allocate into the asset class,” said Kraken’s director for Australia, Jonathon Miller. “via a marked expansion in trading pairs … clients globally are going to be able to gain exposure to cryptocurrencies at the bleeding edge.”
Around 14 of the exchange’s listed cryptocurrencies are now permitted to be traded against GBP and AUD on the near 10-year-old exchange. Not all cryptocurrencies available on Kraken are often directly exchanged for every other.
The new offerings pair stellar [XLM, -4.67%], cardano [ADA, -2.29%], chainlink [LINK, -0.29%] and polkadot [DOT,+7.94], among others, against GBP and AUD.
The news marks the most important pair expansion in Kraken’s history and allows traders using GBP and AUD to realize greater exposure in a number of the industry’s “fastest-growing segments,” the exchange said.
“The cryptocurrency space isn’t almost like Bitcoin, and it isn’t like the USD also,” added Curtis Ting, Kraken’s director, Europe.
In line with the exchange, the U.K. is one among Kraken’s most active customer bases in reference to staking cryptocurrencies, while Australia represents one among the exchange’s fastest-growing markets since it began operations within the country since last June.