Digital asset change Kraken has confirmed that it has added assist for Move (FLOW) buying and selling which was launched on Wednesday (January 27, 2021) at round 15:30 UTC.

On the time of the launch, solely FLOW tokens that had been earned through staking rewards have been tradable. Prospects who purchased FLOW in the course of the preliminary coin providing (ICO) and in addition claimed their digital tokens through Kraken (this previous October) have reportedly “been incomes FLOW rewards and can now be capable of commerce solely these rewards.”

Prospects may additionally deposit FLOW rewards “earned elsewhere” to commerce on Kraken. However FLOW tokens from the ICO “can’t be traded but, as a result of they’re topic to a community holding interval of 1 yr throughout which they don’t seem to be transferable.”

FLOW buying and selling is presently not out there in america or Canada (presumably as a consequence of regulatory restrictions). FLOW buying and selling can also be “not out there for residents or residents of the US or Canada.”

As defined by the Kraken staff, Move is a blockchain community developed for a brand new technology of video games and digital collectibles (sometimes called non-fungible tokens or NFTs). Developed to function a quick, developer-friendly, and easy-to-use platform, Move goals to draw extra mainstream shoppers.

The staff that developed Move is Dapper Labs, which additionally launched the CryptoKitties sport on the Ethereum blockchain. Notably, the unique inspiration for Move was to create a platform that might be supreme for video games comparable to CryptoKitties, and developed particularly for onboarding many new customers.

Move has managed to develop far past the unique CryptoKitties concept, and now has a number of companions together with main manufacturers and sport builders such because the NBA (the sport NBA Prime Photographs), UFC, Samsung, Warner Music, Ubisoft, amongst others.

Buying and selling Pairs for Move tokens on Kraken embrace: FLOW/USD, FLOW/EUR, FLOW/GBP, FLOW/XBT, FLOW/ETH.

(Observe: for extra particulars on this supply, verify right here.)

Kraken has additionally added British pound (GBP) and Australian greenback (AUD) buying and selling pairs for 14 new belongings.

The Kraken staff famous:

“As we additional our growth into markets which have substantial potential for progress, Kraken is greater than doubling the variety of buying and selling pairs out there to purchasers utilizing each the British pound sterling (GBP) and the Australian greenback (AUD). With the addition of 26 new buying and selling pairs, Kraken’s GBP and AUD purchasers now have extra seamless entry to 14 belongings and associated companies comparable to our massively common staking rewards.”

Kraken claims that the UK is amongst its “most lively shopper bases for staking, a way to confirm and safe blockchain transactions in return for normal rewards.” In the meantime, Australia is now one of many change’s fastest-growing markets for the reason that introduction of AUD funding final yr.

Prospects are ready to make use of AUD and GBP to buy digital belongings like Polkadot (DOT) and Cosmos (ATOM) with a view to “earn common rewards by means of Kraken’s staking service.” Prospects now have “even higher entry to a service that has effectively over $1 billion value of digital belongings staked throughout the board and paid out roughly $27 million in rewards final yr,” Kraken revealed.

With buying and selling pairs for Aave (AAVE) and Synthetix (SNX), that are thought of digital belongings “on the forefront of economic innovation,” Kraken presently presents AUD and GBP clients a “extra direct route into decentralized finance (DeFi), an area whose complete worth elevated by greater than twenty-fold final yr.”

Kraken additionally talked about that by including AUD and GBP assist for digital tokens comparable to Cardano (ADA), Chainlink (LINK), and USDC means the change now presents clients “a extra complete publicity to different main tasks with billion-dollar market caps.“

(Observe: for the entire record of buying and selling pairs, verify right here.)

Like most main US-headquartered digital forex exchanges, Kraken has additionally halted XRP buying and selling for US residents.

Kraken famous:

“Given the latest SEC submitting towards Ripple Labs Inc., we’re halting XRP buying and selling for U.S. residents no later than January 29, 2021 at 5pm PT (January 30, 2021 at 1:00 UTC). We might start implementing this course of at any time on January 29, 2021, so all U.S. purchasers are strongly inspired to resolve their positions previous to that day.”

(Observe: for extra particulars on this replace, verify right here.)


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