BTC.com Partners With Kraken for Bitcoin

Announcements, Blockchain, FinTech, Investing | June 12, 2017 By:

BTC.com has partnered with cryptocurrency exchange Kraken to facilitate bitcoin purchases on its wallet platform.

BTC.com, owned by Chinese bitcoin company Bitmain Technologies, offers a multi-platform bitcoin wallet, an API, a block explorer, and a mining pool. BTC.com’s mining pool is the fourth largest pool by hashrate, with 8.3% of the hashing power of the total bitcoin mining network.

The announcement stated that bitcoin purchases will be handled by Kraken Direct, formerly known as Glidera. It currently supports 49 US states with funding via ACH bank transfer. Glidera was acquired by Kraken in December of 2016.

A new “Buy Bitcoin” option will be made available to users in the BTC.com wallet app. BTC.com plans to expand bitcoin purchasing capabilities beyond the US later this year.

“Our users will be thrilled to know that they no longer need to leave our wallet to purchase bitcoin,” said BTC.com business development and marketing manager Alejandro De La Torre. “Purchases can now be made directly in the BTC.com wallet. We are also delighted to partner with Kraken Direct, an industry leader with a highly professional service and team.”