The exchange platform Kraken is now offering American citizens the opportunity to trade cryptocurrency directly from their mobile devices.
The new service provided by Kraken was launched on Wednesday and will make it a lot easier for its retail investors to safely purchase more than digital assets through the exchange’s application. Due to the cost of maintaining regulatory compliance, it won’t be accessible for Washington’s and New York’s residents.
“This consumer app is our first major foray into supporting wider consumer adoption in a much more simplified, easy-to-use interface.”Jeremy Welch, Chief Product Officer
The exchange platform launched a similar application earlier this year, which is available only in Europe. Kraken is very popular in the old continent, mostly because of its token offerings. Many of them aren’t yet accessible in the United States. The exchange also claims to have the lowest fees in the crypto trading business.
Kraken was launched in 2013 and counts more than 7 million users around the world. The San Francisco-based company is the fourth-largest crypto exchange in terms of the trading volume. One of the platform’s strong points is its fast verification and onboarding time, which is under a minute, depending on each user’s bank.