Cryptocurrency exchange Kraken has more than doubled the number of trading pairs available to customers using pounds sterling (GBP) and the Australian dollar (AUD).
In a press release Thursday, the exchange said the move expands its presence in two markets that have âsubstantial upside potential.â
âThe digital currency industry is at a critical tipping point as institutional investors start to allocate into the asset class,â said Krakenâs managing director for Australia, Jonathon Miller. âThrough a marked expansion in trading pairs ⦠clients globally will be able to gain exposure to cryptocurrencies at the bleeding edge.â
Fourteen of the exchangeâs listed cryptocurrencies are now able to be traded against GBP and AUD on the near 10-year-old exchange. Not all cryptocurrencies available on Kraken can be directly exchanged for each other.
The new offerings pair stellar, cardano, chainlink and polkadot, among others, against GBP and AUD.
The news marks the largest pair expansion in Krakenâs history and allows traders using GBP and AUD to gain greater exposure in some of the industryâs âfastest-growing segments,â the exchange said.
âThe cryptocurrency space isnât just about Bitcoin, and it isnât just about the US dollar,â said Curtis Ting, Krakenâs managing director, Europe.
According to the exchange, the U.K. is one of Krakenâs most active customer bases in relation to staking cryptocurrencies, while Australia represents one of the exchangeâs fastest-growing markets since it began operations in the country last June.
See also: Kraken Users Are Staking More Than $1B in Crypto