Crypto exchange Kraken launches mobile app in the U.S.

Exchanges • June 2, 2021, 10:01AM EDT
The Block

Crypto exchange operator Kraken has launched a new mobile app in the U.S., targeted at retail investors.

The app is available on both Andriod and iOS platforms and allows users to invest as little as $10, Kraken announced Wednesday. The Kraken app has already been available in Europe since January of this year.

With today's launch in the U.S., the app is now available in all countries except for Crimea, Cuba, Iran, Japan, North Korea, and Syria, said Kraken. As for the U.S., Kraken does not provide services in New York and Washington.

Coinbase launched its first app over eight years ago in 2013. Coinbase launched mobile apps for professional traders last year. Kraken also offers apps for advanced traders — Kraken Pro, as well as for trading crypto futures — Kraken Futures since last a couple of years.

Coinbase and Kraken are currently the leading fiat-to-crypto exchanges. The former saw more than $200 billion in trading volumes in May and the latter saw more than $100 billion worth of volume, according to The Block's Data Dashboard.

AUTHOR

Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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