Kraken Adds 26 Crypto Trading Pairs to Capture Growing UK, Australia Markets

Kraken's biggest-ever expansion of trading pairs is aimed at growing its presence in the two promising markets.

AccessTimeIconJan 21, 2021 at 2:30 p.m. UTC
Updated Sep 14, 2021 at 10:59 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Cryptocurrency exchange Kraken has more than doubled the number of trading pairs available to customers using pounds sterling (GBP) and the Australian dollar (AUD).

In a press release Thursday, 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 managing director for Australia, Jonathon Miller. "Through a marked expansion in trading pairs ... clients globally will be able to gain exposure to cryptocurrencies at the bleeding edge."

Fourteen of the exchange's listed cryptocurrencies are now able to be traded against GBP and AUD on the near 10-year-old exchange. Not all cryptocurrencies available on Kraken can be directly exchanged for each other.

The new offerings pair stellar, cardano, chainlink and polkadot, among others, against GBP and AUD.

screen-shot-2021-01-21-at-12-51-05-pm

The news marks the largest pair expansion in Kraken's history and allows traders using GBP and AUD to gain greater exposure in some of the industry's "fastest-growing segments," the exchange said.

“The cryptocurrency space isn’t just about Bitcoin, and it isn’t just about the U.S. dollar,” said Curtis Ting, Kraken’s managing director, Europe.

According to the exchange, the U.K. is one of Kraken's most active customer bases in relation to staking cryptocurrencies, while Australia represents one of the exchange's fastest-growing markets since it began operations in the country last June.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.