Crypto Exchange Kraken Sets It Sights on the Forex Trading Market

Kraken, the San Francisco-based cryptocurrency exchange, has spread its tentacles on to foreign exchange trading.

The company announced that it had launched nine new trading pairs, including USD/CHF, EUR/JPY, and GBP/USD. The combined offering, the exchange said, “will allow clients to be more agile and sophisticated when trading across our markets.”

The new service features industry-low minimums – at least 10 units of base currency per trade – and display precision of five decimal points (three for JPY pairs).

Margin trading however won’t be available at the launch, and the new pairs will only be accessible by clients outside the U.S.

As for it’s related fees, Kraken’s stablecoin fee schedule will apply for the new pairs.

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