The digital asset trading platform, Kraken, is one of the largest and most widely used cryptocurrency exchanges. It is available to most U.S. residents and internationally, but unfortunately, the exchange is not yet available to residents of all the states of the United States of America.

While the platform is available in the United States, certain geographic restrictions do apply. In particular, users in New York and Washington are unable to access Kraken’s services.

Kraken has quickly established itself as one of the premier cryptocurrency exchanges in the world, with a global presence and a variety of services designed to help investors in the crypto space. But, when it comes to U.S. residents, the exchange is not available to everyone, which is a bit of a downside.

It is true that Kraken is a leading cryptocurrency exchange offering a wide range of digital assets to traders worldwide. Founded in 2011, Kraken has become the most secure and trusted platform to buy, sell, and trade cryptocurrencies.

This is primarily why, when it comes to digital trading assets, Kraken is a great option for many users. However, potential clients living in the United States of America need to understand that Kraken only accepts a handful of fiat currencies. This means that residents of certain countries may have to pay additional conversion fees in order to use the platform.

Fortunately, New York residents don’t have to worry about conversion fees as Kraken accepts U.S. dollars. This means that U.S.-based users can easily and quickly exchange their crypto assets with relative ease. This also means that U.S. users don’t have to worry about any additional conversion fees when trading on Kraken.

What calls for these restrictions?

It’s important to note that these restrictions are due to the laws and regulations governing cryptocurrency trading in these two states. New York and Washington have some of the most stringent regulations in the country when it comes to cryptocurrency trading. Because of this, Kraken is unable to operate in these two states.

That said, Kraken is still available in the rest of the United States. It is important to check your local laws and regulations before attempting to use the platform in your state.

Ultimately, while Kraken does offer a reliable and secure cryptocurrency trading platform, it is not available to users in New York and Washington due to local laws and regulations. If you are located in these two states, then you will need to look elsewhere for a cryptocurrency trading platform.