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


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.

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Aug 11, 2021, 5:18PM UTC