Kraken adds support for Swiss francs

Exchanges • December 5, 2019, 3:05PM EST
UPDATED: December 5, 2019, 3:32PM EST
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Cryptocurrency exchange Kraken has launched support for the Swiss franc (CHF) in partnership with Liechtenstein-based Bank Frick. Starting Dec. 6, users can trade between CHF and Bitcoin as well as CHF and Ether on Kraken’s platform.

Founded in 2011, the U.S.-based exchange allows customers to buy or sell cryptocurrencies including Bitcoin, Ethereum, Ripple, and Litecoin using various fiat currencies. The company recently joined the Silvergate Exchange Network developed by California-chartered Silvergate Bank, which enabled Kraken users to enjoy real-time, around-the-clock deposits and withdrawals of U.S. dollars without a fee. Besides USD, customers can also fund their accounts with Canadian dollars, euros, British pound sterling, and Japanese yen. CHF will be the sixth fiat currency that Kraken supports.

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Yilun Cheng profile picture Yilun Cheng

Yilun joined The Block in November 2019. She has a policy background and extensive experience in reporting and writing. She has worked on stories ranging from business to politics.

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