Clients have new options to deposit and withdraw USD, EUR, CAD, GBP and JPY globally through Etana Custody
Kraken’s focus on delivering financial freedom means giving our clients more choice when it comes to managing their assets. In collaboration with Etana Custody, almost every Kraken client across 180+ countries has access to new funding options in five major currencies – USD, EUR, CAD, GBP and JPY. The new options are available to Intermediate and Pro accounts (Starter accounts can upgrade to get access).
For more on Kraken fiat funding options please click here.
How does funding with Etana Custody work?
Clients create and verify an Etana Custody Wallet for holding funds. After registering their bank account, clients can wire funds between their bank and their Etana Custody Wallet. Wire transfers between the bank and Etana Custody Wallet carry the normal wire processing time of 1-5 business days.
The Etana Custody Wallet is automatically connected with the client’s Kraken account and the five major currencies are freely and quickly transferable between accounts. To deposit, wires are sent to Etana, then quickly credited to the client’s Kraken account. To withdraw, funds are quickly debited from the client’s Kraken account, where they can be held in the Etana Custody Wallet, or wired to the client’s bank account.
Other benefits the Etana Collaboration will provide:
- Etana provides currency conversion for many fiat currencies. Clients can wire almost any currency to their Etana wallet, then convert to one of the five major currencies to fund their Kraken account
- In cooperation with Etana, Kraken markets are now available through the Meta Trader (MT4 or MT5) trading platforms. Interested traders should ask their broker to contact us at: https://support.kraken.com/hc/en-us/requests/new?ticket_form_id=648148
How do I get started with Etana?
What are the funding limits and fees?
Full details on limits and fees can be found in our Support Center.