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Kraken Announces Listing Of Cardano And Qtum - Cryptocurrency News. Thursday, September 27

28 september 2018, 00:05 by John Kiguru

Kraken Announces Listing Of Cardano And Qtum

On September 27, Kraken cryptocurrency exchange announced that it will begin trading Cardano (ADA) and Qtum (QTUM) on Friday 28. The listing of the two coins is expected to largely boost the coins adoption. It has also contributed to the upward trend being recorded by the coins. In the last couple of days, Cardano and Qtum have been performing well and prices are continuing to push upward. The positive momentum has been triggered by Cardano being listed on Bittrex earlier in the month and Qtum being listed on Circle Invest recently.

Kraken is a San Francisco based cryptocurrency exchange that boasts of over 50 coins listed. It is one of the oldest exchanges having been launched in 2011. Currently, the exchange operates in the U.S, Canada, and Japan. Its great reputation is expected to positively affect Cardano and Qtum following their listing on the platform.

The exchange has further gone ahead to give users a guide to depositing the two coins on their platform. It has also explicitly stated that ADA will require 15 confirmations and QTUM 24 confirmations before deposits are credited.

The two coins have received the announcement quite well. Cardano at the time of press has surged by 3.42% and is trading at $0.084820. Qtum at the time of press is soaring at $3.85, marking a 3.72% price increase. In just a few days Cardano will be celebrating its first anniversary since it launched its Mainnet. The days leading to the date have been positively overwhelming for the project, receiving an array of positive news. It has gone on to signify Cardano’s success over the past year.

This year has also been big for Qtum as it garnered several major partnerships and got listed in several exchanges. Recently we reported that the team updated the network's code. The new protocol would make 18 updates to the original protocol.

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