Kraken have become the latest platform to become part of the Silvergate Exchange Network which means traders will benefit from fast-transactions and no fees 24/7. In what has been described as promoting their “mission of delivering financial freedom by giving clients more choice when it comes to managing their assets” they have teamed up with Silvergate who have recently made their own presence felt on the world stage after a successful IPO on the New York Stock Exchange. The Silvergate Exchange Network, abbreviated to SEN, is an internal payment platform that was first developed by Silvergate Bank with the purpose in mind to enable transfers between account holders in a more efficient way. The benefits of this system will now be able to be enjoyed by Kraken traders looking to move their own funds around. [cta text='Visit Kraken' href='/out/kraken'] It is still at a fairly preliminary stage with the new transaction system so far only been rolled out for Kraken Pro clients with the only supported currency being USD. However, no doubt a further roll-out will be on the cards before too long. To get started and begin benefiting from these fast, no fee, around the clock transactions then you will simply need to get yourself an SEN account and get it approved to get things off the ground. Once you have done this you need to speak to a Kraken Client Engagement Specialist. A member of the team will then verify your account, then you need to follow the following process as laid out by Kraken themselves: Navigate to Funding > USD > Deposit or Withdrawal > Select “Silvergate Exchange Network (Domestic)” or “Silvergate Exchange Network (International)” depending on your location and follow the instructions Once completed you will be good to go and begin benefiting from the benefits of SEN directly from your Kraken account!