Kraken Announces Listings of Two New Assets: Cardano (ADA) and Quantum (QTUM)
One of the major exchanges in the market, Kraken, has recently announced the launch of two new assets on its blog: Cardano (ADA) and Quantum (QTUM). These two tokens will be launched at the same time and they will be able to be sold and bought at the exchange as soon as they are officially launched.
However, the company also states that delays may happen, so you should check their official sources in case you want to. The official timeline for launch is Friday, September 28, 1 pm, UTC.
The new trading pairs that will be added on the company are ADA/USD, ADA/EUR, ADA/CAD, ADA/XBT and ADA/ETH for Cardano and QTUM/USD, QTUM/EUR, QUM/CAD, QTUM/XBT and QTUM/ETH for Quantum.
You will be able to deposit fiat currency and then withdraw ADA or QTUM from the exchange by making a simple process of funding the purchase and then sending your wallet address to the company. The deposits will be made after 15 confirmations on the Cardano network and 24 confirmation on the Quantum network.
Margin trading will not be available for these two assets, according to the company. The exchange advised all the investors to always be cautious when investing and announced that more listings are planned for the platform but that they are not ready to be revealed yet.
About Cardano (ADA)
Cardano is a cryptocurrency that is fully decentralized and it has a scalable settlement layer created for the use of smart contracts that support cross-chain transactions. It is supposed to be a decentralized solution for compliance and to offer a “liquid democracy” model of governance.
Cardano Price History:
- ICO: $0.0024;
- 52-Week High: $1.32 USD;
- 52-Week Low: $0.0177 USD;
- Current: $0.0800 USD;
- Market Cap: $2.07 billion USD.
About Quantum (QTUM)
Quantum is a token that is focused on combining the best possible features from both the Bitcoin and the Ethereum network. The crypto uses the Bitcoin unspent transaction output model with a proof of stake consensus, the Ethereum Virtual Machine functionality, smart contracts and features from ETH and BTC can be ported to QTUM.
Quantum Price History:
- ICO: $0.306 USD;
- 52-Week High: $106.33 USD;
- 52-Week Low: $3.09 USD;
- Current: $3.61 USD;
- Market Cap: $320.85 million USD.