Cosmos (ATOM) Proof of Stake Coin Listed By Kraken Exchange, to Include Five Trading Pairs

Earlier this week, BitcoinExchangeGuide had reported about Kraken Exchange delisting BSV. Critics have argued that delisting is a form of censorship, and some fear that exchanges will drop other coins due to public pressure.

However, crypto leaders such as Charles Hoskinson of Cardano have argued that exchanges can do as they wish.

Amidst this controversy, Kraken just announced that they are listing Cosmos (ATOM) on Monday, April 22nd. The trading pairs provided by the exchange will be ATOM/USD, ATOM/EUR, ATOM/CAD, ATOM/BTC, and ATOM/ETH.

The official announcement says:

“Cosmos plans to enable ATOM transfers at block 500,000, expected at approximately 8 am PST (4 pm UTC) on Monday the 22nd. Kraken will enable funding and trading shortly after transfers go live. Clients will be able to place buy orders as soon as trading is enabled, but sell orders will not start appearing until after the first ATOM deposits clear. Extra caution is required when trading a newly listed asset – see the caution about trading below for more information.“

Cosmos is a Proof-of-Stake blockchain interoperability project based on the Tendermint consensus protocol.

Cosmos and Tendermint aim to provide a fast and highly scalable consensus protocol and reduce the time and complexity involved in building Blockchain applications, providing a stable interface for popular programming languages.

Cosmos comprises a decentralized network of independent, parallel blockchains, each powered by the core consensus protocol, with constituent and derivative blockchains within the Cosmos ecosystem understood as “zones” operating in proximity to the principal. ATOM is the token powering the main Cosmos Hub.

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