On the time of the launch, solely FLOW tokens that had been earned by way of staking rewards had been tradable. Clients who purchased FLOW in the course of the preliminary coin providing (ICO) and in addition claimed their digital tokens by way of Kraken (this previous October) have reportedly “been incomes FLOW rewards and can now be capable 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 yr throughout which they aren’t transferable.”
FLOW buying and selling is at the moment not obtainable in the US or Canada (presumably on account of regulatory restrictions). FLOW buying and selling can also be “not obtainable for residents or residents of the US or Canada.”
As defined by the Kraken workforce, Circulate 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, Circulate goals to draw extra mainstream customers.
The workforce that developed Flow is Dapper Labs, which additionally launched the CryptoKitties sport on the Ethereum blockchain. Notably, the unique inspiration for Circulate was to create a platform that might be ultimate for video games resembling CryptoKitties, and developed particularly for onboarding many new customers.
Circulate 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 Prime Photographs), UFC, Samsung, Warner Music, Ubisoft, amongst others.
Buying and selling Pairs for Circulate tokens on Kraken embrace: FLOW/USD, FLOW/EUR, FLOW/GBP, FLOW/XBT, FLOW/ETH.
(Notice: for extra particulars on this provide, test here.)
Kraken has additionally added British pound (GBP) and Australian greenback (AUD) buying and selling pairs for 14 new property.
The Kraken workforce 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 providers resembling our massively common staking rewards.”
Kraken claims that the UK is amongst its “most lively 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 alternate’s fastest-growing markets for the reason that introduction of AUD funding final yr.
Clients are ready to make use of AUD and GBP to buy digital property like Polkadot (DOT) and Cosmos (ATOM) with the intention to “earn common rewards by Kraken’s staking service.” Clients now have “even higher entry to a service that has effectively over $1 billion price of digital property staked throughout the board and paid out roughly $27 million in rewards final yr,” Kraken revealed.
With buying and selling pairs for Aave (AAVE) and Synthetix (SNX), that are thought of digital property “on the forefront of monetary innovation,” Kraken at the moment affords AUD and GBP prospects a “extra direct route into decentralized finance (DeFi), an area whose whole worth elevated by greater than twenty-fold final yr.”
Kraken additionally talked about that by including AUD and GBP assist for digital tokens resembling Cardano (ADA), Chainlink (LINK), and USDC means the alternate now affords prospects “a extra complete publicity to different main tasks with billion-dollar market caps.“
(Notice: for the entire listing of buying and selling pairs, test here.)
Like most main US-headquartered digital foreign money 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.”
(Notice: for extra particulars on this replace, test here.)