Kraken
Joins Silvergate Exchange Network Enabling Fee-Less, Real-Time Transfers
Cryptocurrency exchange Kraken
has announced it is joining the Silvergate Exchange Network (SEN) to enable
real-time fund transfers.
According to Kraken’s official statement published on November 27,
the exchange will be joining the Silvergate Exchange Network, which allows
for real-time, 24/7 deposits and withdrawals.
SEN is the proprietary internal
payments platform developed by the crypto-friendly Silvergate Bank, which
made its IPO debut on the New York Stock Exchange (NYSE) earlier
in the month. SEN-based transfers are limited to US dollar deposits and
withdrawals but do not require a transaction fee.
