Cryptocurrency exchange Kraken on April 21, 2019, announced that it has listed Cosmos (ATOM), a proof-of-stake digital currency that utilizes the Tendermint consensus protocol. Kraken’s users will now be able to buy, sell, and store ATOM digital tokens.
Kraken Lists ATOM
The San Francisco-headquartered exchange’s users can now trade the native token of the so-called “Internet of blockchains” Cosmos.
Kraken stated in its blog post that it would enable ATOM transfers at block height 500,000.
The exchange will also enable funding and trading of ATOM tokens after transfers go live. Although clients will be able to place buy orders as soon as trading is enabled, they would, however, have to wait for the initial ATOM deposits to clear before placing sell orders.
About Cosmos’ ICO
Regarding margin trading on ATOM tokens, Kraken stated that the feature would not be available at launch. However, it could be enabled in the future depending on clients’ demand. The exchange added that with the maturity of crypto spot markets it could also consider launching ATOM futures and indices in the near term.
Cosmos’ ATOM staking hub mainnet went live on March 13, 2019. Later, on March 20, 2019, blockchain research firm Diar published a report which put Cosmos as the third-largest PoS cryptocurrency in terms of USD value staked on its blockchain – only behind EOS and Dash.
With that said, it remains to be seen whether Cosmos will be able to land among the stars in an industry which is still trying to take off for a flight.
Published at Tue, 23 Apr 2019 11:10:32 +0000