Kraken Exchange to List Tezos (XTZ) With Fiat Trading Pairs

Kraken, a San Francisco-based cryptocurrency exchange that has more than 57 trading pairs for 17 different coins, has announced that it will list Tezos (XTZ), a new blockchain platform that features a self-evolving upgrade system, on October 16.

According to the announcement, Tezos trading will go live at 11:00 AM (EST) on Tuesday, with XTZ/USD, XTZ/EUR, XTZ/CAD, XTZ/XBT and XTZ/ETH trading pairs. Kraken notes that XTZ margin trading will not be available at launch but may be enabled in the future.

This is the first major listing announcement since Kraken launched markets for both Cardano (ADA), a leading blockchain platform for building decentralized applications, and Quantum (QTUM), a platform for implementing plug-and-play smart contract bridging functionality from both Bitcoin and Ethereum.

Kraken was also recently ranked the second most secure cryptocurrency exchange across multiple parameters. This report indicated that Kraken has exceptionally strong operations, coming second only to Coinbase Pro.

As for Tezos, the listing comes a little less than a month after Bitfinex, one of the world’s leading crypto exchanges, announced that it had listed USD and BTC trading pairs for XTZ.

XTZ is currently up 8% on the day to $1.35, giving the altcoin a market cap of $820 million and making it the 17th largest cryptocurrency in the AltDex 100 Index (ALT100), a benchmark index for large-cap coins and tokens.

More: Kraken listing Tezos (XTZ)

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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