Kraken now supports the Swiss franc (CHF)!

[Jating]

Kraken now supports the Swiss franc (CHF)!

Good news – in collaboration with our newest EUR funding partner, Liechtenstein-based Bank Frick, we have added our newest fiat asset, the Swiss franc (CHF). This is the sixth currency that Kraken will trade, joining USD, CAD, EUR, GBP, and JPY.

This latest partnership further promotes our mission of delivering financial freedom by giving clients more choice when it comes to managing their assets.

https://blog.kraken.com/post/3265/kraken-now-supports-the-swiss-franc-chf/

Thoughts on this one? Will it bring more clients to Kraken now that they included another fiat asset here, or it won't have an impact at all?

[squatter]

https://blog.kraken.com/post/3265/kraken-now-supports-the-swiss-franc-chf/

Thoughts on this one? Will it bring more clients to Kraken now that they included another fiat asset here, or it won't have an impact at all?

Switzerland and Liechtenstein are pretty tiny countries, so I wouldn't expect too much in terms of volume. I haven't seen the CHF listed on any major exchanges though, so this could be a positive development for people living there.

[Baofeng]

https://blog.kraken.com/post/3265/kraken-now-supports-the-swiss-franc-chf/

Thoughts on this one? Will it bring more clients to Kraken now that they included another fiat asset here, or it won't have an impact at all?

Switzerland and Liechtenstein are pretty tiny countries, so I wouldn't expect too much in terms of volume. I haven't seen the CHF listed on any major exchanges though, so this could be a positive development for people living there.

Right, pretty much Kraken is just testing the market for the Swiss Franc and see how it goes. Almost a win-win situation for exchanges to open up fiat asset service like this one. But if it turns out to be big, probably top tier exchanges are going to follow and take a slice of the pie, so to speak.

[alyssa85]

Kraken now supports the Swiss franc (CHF)!

Good news – in collaboration with our newest EUR funding partner, Liechtenstein-based Bank Frick, we have added our newest fiat asset, the Swiss franc (CHF). This is the sixth currency that Kraken will trade, joining USD, CAD, EUR, GBP, and JPY.

This latest partnership further promotes our mission of delivering financial freedom by giving clients more choice when it comes to managing their assets.

https://blog.kraken.com/post/3265/kraken-now-supports-the-swiss-franc-chf/

Thoughts on this one? Will it bring more clients to Kraken now that they included another fiat asset here, or it won't have an impact at all?

It depends on how easy it is to withdraw Swiss Francs.

For example, though Kraken allows you to trade bitcoin against the British pound, it's eye-wateringly expensive to withdraw pounds. Which means Brits don't bother to trade bitcoin against the pound, but instead trade against euros and use sepa to withdraw those euros to a british bank account (the bank changes them into pounds).

It's the withdrawal facilities that are weak in most exchanges.

[countryfree]

That won't change anything.

All Swiss banks make outgoing and incoming € transfers. Most of them for free.

[hugeblack]

I do not expect it to constitute a change, as Switzerland is a small country, and the conversion from it to the Euro or Pound will be the majority of dealings.
I don't think it will change, but it will open the door to include more currencies and thus more money for the platform by gaining all the momentum away from the traditional currencies "the dollar and the euro."
The platform may be tempted to diversify its assets by allowing more pairs to be added.