Tezos price heads north thanks to Kraken exchange announcement

Tezos gets added to the Kraken exchange – and its price jumps…

by Manoj Sharma for CNR

The popular cryptocurrency exchange, Kraken, recently announced the commencement of Tezos (XTZ) trading on its platform. And the price of XTZ soars as a result.

In a blog post published earlier this week on its official website, Kraken announced that the users of the platform will be able to trade Tezos with EUR, USD, and CAD. The exchange also offers support for Tezos trading with Ethereum and Bitcoin.

As per the post, XTZ trading support will be available for both the old and new trading platforms. However, Kraken also announced that there won’t be any margin trading for XTZ as of now, but such a feature could be included in the future.

By listing XTZ tokens for trading, Kraken joins the league of other platforms like HitBTC and Evolve Markets. As soon as the announcement was made, XTZ token saw a significant surge in its price. At the time of writing, Tezos has gained more than 4% in value over the last seven days. Not bad, considering that it’s been a particularly volatile week for crypto across the board.

Listing Tezos is yet another development for the token that has endured a lot of controversy after its significant ICO success in last year. But now the project seems to be moving in a positive direction, which should allay some investor concerns. This recent run appears to be a combination of the general market recovery and Kraken’s listing.

In September, the Tezos mainnet went live after successfully launching its beta version. Presently, the aim is to expand the Tezos ecosystem to include more innovative decentralised applications. Expect more announcements about that in due course…

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