Kraken Exchange Adds Tezos (XTZ) Cryptocurrency Token Trading Support
Kraken Crypto Exchange Adds Tezos Support (XTZ)
Kraken, a BTC and cryptocurrency exchange, recently announced that it will support Tezos (XTZ). Trading of XTZ will commence October 16 and clients will be able to trade the token on both Kraken.com and the advanced platform trade.kraken.com.
The platform is a decentralized computing system for Turing-complete smart contracts. It has three significant features. First, liquid proof-of-stake consensus, which has a relatively low barrier to consensus participation and delegation.
Second, smart contract verification – the platform invented the Michelson programming language allowing formal proofs of contract properties for better contract security. Third, on-chain governance – all aspects of governance are contained in the platform, including voting on proposed protocol upgrades and paying developers to implement the upgrades.
Keep in mind that sell orders will not commence until the first Tezos XTZ deposits clear, which should be 30 minutes after the launch. The platform offers trading in XTZ/USD, XTZ/EUR, XTZ/CAD, XTB/XTZ, and XTZ/ETH.