As we further our expansion into markets that have substantial potential for growth, Kraken is more than doubling the number of trading pairs available to clients using both the British pound sterling (GBP) and the Australian dollar (AUD).
With the addition of 26 new trading pairs, Kraken’s GBP and AUD clients now have more seamless access to 14 assets and related services such as our hugely popular staking rewards.
The UK is among Kraken’s most active client bases for staking, a means to verify and secure blockchain transactions in return for regular rewards. Furthermore, Australia is now one of Kraken’s fastest growing markets since the introduction of AUD funding in 2020.
For example, clients can use AUD and GBP to purchase assets such as Polkadot (DOT) and Cosmos (ATOM) to earn regular rewards through Kraken’s staking service. Clients now have even better access to a service that has well over $1 billion worth of digital assets staked across the board and paid out approximately $27 million in rewards last year. The full list of crypto assets available for staking on Kraken can be found here.
Furthermore, with trading pairs for Aave (AAVE) and Synthetix (SNX), assets at the forefront of financial innovation, Kraken now provides AUD and GBP clients with a far more direct route into decentralized finance (DeFi), a space whose total value increased by more than twenty-fold last year.
Lastly, adding AUD and GBP support for the likes of Cardano (ADA), Chainlink (LINK), and USDC means Kraken now provides clients with a more comprehensive exposure to other leading projects with billion-dollar market caps.
The 26 new trading pairs
| AUD Pairs | GBP Pairs |
| ADA | ADA |
| ATOM | ATOM |
| DOT | DOT |
| FIL | FIL |
| GRT | GRT |
| KSM | KSM |
| LINK | LINK |
| SNX | SNX |
| USDC | USDC |
| XLM | XLM |
| XTZ | XTZ |
| YFI | YFI |
| AAVE | ALGO |
Trade with caution
Limit orders are recommended in these new trading pairs since the markets may be illiquid initially. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss).
Invest with caution
Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.
Source: https://blog.kraken.com/post/7527/kraken-adds-gbp-and-aud-trading-pairs-for-14-new-assets/
