Kraken Adds GBP Support for U.K.; What This Means for Crypto Market

News BTC | Dec 9, 2019 at 5:53 PM
  • Crypto asset exchange Kraken has added two new options for GBP deposits and withdrawals in attempts to speed up the exchange of funds for users.
  • On the other hand, the CHAPS network, with fees of 21 GBP, is intended for larger payments that need a guaranteed arrival; payments issued over CHAPS are guaranteed to arrive on the same day if issued before the daily 14:00 UTC cutoff.
  • Kraken, one of the oldest and most-respected crypto asset exchanges, intends these moves to attract customers who need more immediate ability to move funds, providing flexibility lacking amongst some of its competitors.