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Kraken Strengthens Swiss Ties, Aims at Supporting Struggling Crypto Ecosystem


Cryptocurrency exchange Kraken recently announced that they will be acting to strengthen their ties to Switzerland, describing the country as a “kindred spirit” due to its positive approach to regulating and incubating growth within the crypto sector. To build a foundation within the country, the exchange recently began offering support of the Swiss Franc (CHF) while also joining the Crypto Valley Association – which is a leading Swiss-based blockchain advocacy group. The exchange is taking these actions in hopes of offering better support to the growing cryptocurrency ecosystem within Switzerland and Europe in general, which has been struggling as a result of the ongoing pandemic.

Kraken Moves to Deepen Ties to Switzerland as European Crypto Ecosystem Struggles

In a recent blog post, the popular cryptocurrency exchange explained that they view the country as a “kindred spirit” due to its strong commitment to privacy and security – which both sit at the heart of the crypto industry. Kraken notes that the country’s commitments to these credos have allowed them to become a trusted financial hub globally, while also attracting a massive blockchain ecosystem. Read More...



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