I don't think that Kraken needs any kind of introduction or recommendations...but for those few that don't know what Kraken is:
So a few hours ago I received a e-mail from Kraken team, -since this is the exchange I use when it comes to conversions in FIAT money- that kinda surprised me.
And that's because they operate with the old fashion way. Meaning...they rarely add new coins or proceed in major changes. But this time....Surprise, surprise!
Looks like they realized that not all people use EURO or USD, so they decided to add also CAD, GPB and JPY through their collaboration with Etana Custody.
Clients create and verify an Etana Custody Wallet for holding funds. After registering their bank account, clients can wire funds between their bank and their Etana Custody Wallet. Wire transfers between the bank and Etana Custody Wallet carry the normal wire processing time of 1-5 business days.
The Etana Custody Wallet is automatically connected with the client’s Kraken account and the five major currencies are freely and quickly transferable between accounts. To deposit, wires are sent to Etana, then quickly credited to the client’s Kraken account. To withdraw, funds are quickly debited from the client’s Kraken account, where they can be held in the Etana Custody Wallet, or wired to the client’s bank account.
Other benefits the Etana Collaboration will provide:
Etana provides currency conversion for many fiat currencies. Clients can wire almost any currency to their Etana wallet, then convert to one of the five major currencies to fund their Kraken account
In cooperation with Etana, Kraken markets are now available through the Meta Trader (MT4 or MT5) trading platforms.
It was a great move and a much needed implementation if you ask me. Thousands of people will be benefited from this change and will also save time and money due to less conversions.
Looks like they evolve...slowly but steadily...
