Kraken adds support for Swiss francs

Exchanges • December 5, 2019, 3:05PM EST

UPDATED: December 5, 2019, 3:32PM EST

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.

About Author

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.