Coinbase rival Kraken launches mobile crypto trading in US

Coinbase rival Kraken launches mobile crypto trading in US

Major global cryptocurrency exchange Kraken has launched a mobile crypto trading application in a new move to boost industry adoption in the United States.

The company announced Wednesday that its new app is now available for most of the United States as well as other countries around the world for both iOS and Android users.

The app allows users to trade more than 50 cryptocurrencies like Bitcoin (BTC) and Ether (ETH) via smartphones. The move follows a rollout of the Kraken mobile app in Europe this January.

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“This consumer app is our first major foray into supporting wider consumer adoption in a much more simplified, easy-to-use interface,” Kraken chief product officer Jeremy Welch reportedly noted.

The new app launch comes amid Kraken trading volumes growing more than sixfold on year-to-date as of May, Welch said. “The last five months have been pretty unreal at Kraken. We’ve seen a surge in new clients and in all-time highs,” he added.

Launched in 2013, Kraken reportedly says

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