On the time of the launch, solely FLOW tokens that had been earned by way of staking rewards have been tradable. Clients who purchased FLOW throughout the preliminary coin providing (ICO) and likewise claimed their digital tokens by way of Kraken (this previous October) have reportedly “been incomes FLOW rewards and can now have the ability to commerce solely these rewards.”
Clients might also 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 12 months throughout which they don’t seem to be transferable.”
FLOW buying and selling is at the moment not obtainable in the USA or Canada (presumably as a result of regulatory restrictions). FLOW buying and selling can be “not obtainable for residents or residents of the US or Canada.”
As defined by the Kraken staff, Movement is a blockchain community developed for a brand new era 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, Movement goals to draw extra mainstream shoppers.
The staff that developed Flow is Dapper Labs, which additionally launched the CryptoKitties sport on the Ethereum blockchain. Notably, the unique inspiration for Movement was to create a platform that will be superb for video games reminiscent of CryptoKitties, and developed particularly for onboarding many new customers.
Movement 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 High Photographs), UFC, Samsung, Warner Music, Ubisoft, amongst others.
Buying and selling Pairs for Movement tokens on Kraken embody: FLOW/USD, FLOW/EUR, FLOW/GBP, FLOW/XBT, FLOW/ETH.
(Be aware: for extra particulars on this provide, verify here.)
Kraken has additionally added British pound (GBP) and Australian greenback (AUD) buying and selling pairs for 14 new property.
The Kraken staff famous:
“As we additional our growth into markets which have substantial potential for development, Kraken is greater than doubling the variety of buying and selling pairs obtainable 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 property and associated companies reminiscent of our vastly in style staking rewards.”
Kraken claims that the UK is amongst its “most energetic 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 trade’s fastest-growing markets for the reason that introduction of AUD funding final 12 months.
Clients are ready to make use of AUD and GBP to buy digital property like Polkadot (DOT) and Cosmos (ATOM) as a way to “earn common rewards by Kraken’s staking service.” Clients now have “even higher entry to a service that has nicely over $1 billion value of digital property staked throughout the board and paid out roughly $27 million in rewards final 12 months,” Kraken revealed.
With buying and selling pairs for Aave (AAVE) and Synthetix (SNX), that are thought of digital property “on the forefront of economic innovation,” Kraken at the moment gives AUD and GBP clients a “extra direct route into decentralized finance (DeFi), an area whose whole worth elevated by greater than twenty-fold final 12 months.”
Kraken additionally talked about that by including AUD and GBP assist for digital tokens reminiscent of Cardano (ADA), Chainlink (LINK), and USDC means the trade now gives clients “a extra complete publicity to different main initiatives with billion-dollar market caps.“
(Be aware: for the whole checklist of buying and selling pairs, verify here.)
Like most main US-headquartered digital forex exchanges, Kraken has additionally halted XRP buying and selling for US residents.
“Given the latest SEC submitting in opposition to 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 could 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.”
(Be aware: for extra particulars on this replace, verify here.)