Popular bitcoin and cryptocurrency exchange Kraken, announced today it has joined the Silvergate Exchange Network (SEN). Kraken users can now leverage SEN to fund their accounts in just minutes and with no fees.
Through a custom API connection, SEN allows end-users to deposit and withdraw U.S. dollars to and from their account in real-time, 24 hours a day, 7 days a week, and 365 days a year.
SEN is the proprietary payments platform developed by San Diego-based Silvergate Bank. It has been offered to customers since 2017. Silvergate is recognized as one of the most crypto-friendly banks in the world, and recently completed a successful IPO on the New York Stock Exchange.
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