* Australia is one of the crypto-friendly nations

* Kraken has been looking to establish a stronghold in Australia, and it is evident after they purchased Bit Trade, the longest-running crypto firm in the country.�

* Kraken will now be opening a new branch of their operations in Sydney, Australia

Officials of Kraken, one of the leading Bitcoin exchange platform, has announced that they will be opening a branch of their operations in Sydney, Australia. If you're conversant with crypto news, you will know that most crypto firms around the world have been trying to secure space in this region because of its flexible crypto laws. The firm's spokesman said that their customer base in Australia can now fund their crypto wallet using the Australian dollar. With this new development, the AUD will become the seventh fiat currency available on the firm's platform with USD, CAD, CHF, EUR, GBP, and JPY the previous fiats they accept.�

Kraken offers payments via cards

Just like the way you buy items in a grocery store and you pay for it with your card, the customer base of Kraken in Australia has been told that they would be charged straight from their card for anything they buy. The list of crypto open to their customer base in the region is Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and Tether. According to the firm, opportunities are also opened to their clients based outside the US that wish to trade their native currencies against the AUD.

Kraken was founded in 2011 by CEO Jesse Powell and is now one of the few globally recognized crypto exchange outfit known for their security. The firm also supports trades of all types that seek to address the needs of various investors. They offer fast and versatile service in retail, OTC margin, and spot trading. Kraken has been looking to establish a stronghold in Australia, and it is evident after they purchased Bit Trade, the longest-running crypto firm in the country.

The launch came at a perfect time, Kraken MD says.

Talking about the launch, Jonathon Miller, Krakens MD, says that the launch comes in a time that investors were looking to adopt more crypto across the country.

"We�re thrilled to be launching Kraken Australia today at a time when Australian investors increasingly turn toward cryptocurrencies to diversify their portfolios. We are entering the market at just the right time with a market-leading digital asset exchange that will resonate with Australians looking to diversify into some of the world�s most exciting crypto assets," the MD said.

The main factor that pushed Kraken into making this move was basically the number of sign-ups they received after they acquired Bit Trade. Miller noted that they have had to hire about 200 more staff to be able to cater for their increasing customer base. Aside from the fact that Kraken charges next to nothing as fees for transactions, instant funding is guaranteed for customers who wish to pay via Osko and PayID enabled Australian Banks.