Yahoo Finance Kraken Crypto Exchange Releases Mobile App in US
Crypto exchange Kraken is bringing its mobile app to U.S. customers after launching in Europe earlier this year.
Customers in the U.S. will be able to trade the 50+ tokens available on Kraken’s platform from their mobile phones as of today, according to a CNBC report.
The mobile app is Kraken’s “first major foray into supporting wider consumer adoption in a much more simplified, easy-to-use interface,” Chief Product Officer Jeremy Welch said.
It will not be available to residents of Washington State or New York, however. Kraken does not offer service to these states due to “the cost of maintaining regulatory compliance.”
Kraken announced in March it is considering a stock market debut in 2022, following rival exchangeCoinbase.
The Kraken exchange is reportedly in talks to raise a new funding round that could increase its valuation to $20 billion.
Dan Held, Kraken’s director of growth marketing, said last week at Consensus 2021 that the exchange’s trading volume recently hit all-time highs, enjoying an $8 billion volume day.
