Kraken Welcomes BAT and WAVES
Cryptocurrency enthusiasts, brace yourselves! Kraken has recently announced that starting from August 22, users can deposit, withdraw, and trade Basic Attention Token (BAT) and Waves (WAVES). It seems Kraken is intent on shaking things up.
Trading Pairs Galore
Get ready to pair those coins! Kraken will launch trading options linking BAT and WAVES with Bitcoin (BTC), Ether (ETH), and even fiat currencies like the Euro and the good ol’ U.S. dollar. But hang tight! The exchange warned that the initial trade executions might take longer than expected. Why? Because sell orders are on hold until deposits are credited.
What is Basic Attention Token?
Now, let’s break down what BAT is all about. BAT is not just another Ethereum-based token; it’s the darling of the Brave browser family. Designed to revolutionize the way content creators earn, BAT aims to reward users for viewing ads while respecting their privacy. With a market cap hovering around $233 million and trading at approximately $0.182, BAT is up 1.17% over the past day—who doesn’t like a good win?
WAVES: The Fast Blockchain
On to WAVES! This digital asset powers the Waves blockchain, a platform notable for allowing users to create custom tokens. It’s marketed as aiming to be the fastest blockchain in the world—talk about ambition! Right now, it ranks 47th by market cap at $121.8 million, trading at $1.22, but down by 2.20% today. Don’t count it out yet!
Kraken’s Growing Footprint
In case you didn’t know, Kraken is a heavyweight in the crypto exchange ring—founded in 2011 right out of San Francisco. With a 24-hour trading volume of $189.5 million, it currently holds the title of the 59th-largest crypto exchange globally. Their over-the-counter (OTC) trading room is bustling, with trades reportedly increasing by a whopping factor of 20 since early 2018, according to Nelson Minier, head of OTC trading. Looks like Kraken is not just floating but sailing smoothly through the crypto seas!
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