Kraken lists Cosmos (ATOM), announces it plans to list two tokens a month

22 Apr, 2019 | Updated: 22 Apr, 2019
by Richard Allen
Exchange
Kraken lists Cosmos (ATOM), announces it plans to list two tokens a month

San Francisco-based cryptocurrency exchange Kraken has announced its decision to list Cosmos (ATOM). Trading is set to open today, April 22 and will be offered in five pairs: ATOM/USD, ATOM/EUR, ATOM/CAD, ATOM/BTC, and ATOM/ETH.

Cosmos is a Proof-of-Stake interoperability project based on the Tendermint consensus protocol. The aim is to provide a fast and scalable consensus protocol and reduce the time and complexity involved when building blockchain applications. At the time of writing, the coin is up almost 10%, trading at $5.30.

While Kraken may have recently delisted Bitcoin SV on the grounds that they have “no room for bad actors,”, the exchange has stated it will be aiming to list two cryptocurrencies per month, beginning in May.

As Finance Magnates reports, on March 20, just a week after Comso’s launch on Marth 13, research firm Diar published a report ranking Cosmos as the third-largest proof-of-Stake cryptocurrency in terms of the value of the USD staked on its blockchain.

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