The set spot and futures crypto exchange Kraken announced a wire service via Etana Custody that will allow customers to transact in U.S. dollars, euros, Canadian dollars, British pounds, and Japanese yen from anywhere in the world.
Though the brand new feature is available immediately to Kraken’s Intermediate and Pro clients, across nearly 180 countries, it requires users to create an Etana Custody Wallet. Moreover, users’ bank accounts can be linked to this wallet, which will be topped off through wires that may take up to 1-5 days to course of, according to a company blog.
From there, however, the Etana wallet is instantaneously connected with a user’s Kraken account and can support free and expedient transfers.
Additionally, “Etana offers currency conversion for a lot of fiat currencies. Clients can wire nearly any currency to their Etana wallet, then convert to one of many five major currencies to fund their Kraken account.”
Etana helps the domestic or international withdrawal and deposit of all of the currencies listed above, except for home transactions in Japan yen.
In June, Kraken introduced it had handed the coveted $4 billion valuation mark, after a 2,000 plus participant funding round. The agency also announced that it holds over $100 million for a self-run insurance fund.
Starter accounts on Kraken must update for this feature.
Kraken is a US-based cryptocurrency exchange, based in 2011. The transaction provides cryptocurrency to fiat trading and offers price information to Bloomberg Terminal.