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Kraken Crypto Exchange Releases Mobile App in US

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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.

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