Cryptocurrency exchange Kraken added Tezos token

The Kraken exchange has become the first exchange for American traders wishing to transact with the Tezos token.

Trading began on the stock exchange yesterday evening. Prior to this, the Tezos token was only listed on small exchanges, with the exception of Bitfinex, which, however, is not available to US citizens. The Tezos token is also listed on the HitBTC exchange, but the legality of this exchange raises community doubts. In addition, trading on it is carried out only on debt obligations, that is, the Tezos token cannot be saved or withdrawn from the wallet. 

Daily trading volumes on the Kraken exchange amount to almost $130 million. 

Although the management of the exchange sometimes comes into conflict with American regulators, it strives to comply with their requirements and adheres to the KYC procedure, as is customary in the United States. 

Tezos is the 17th largest cryptocurrency, with a market capitalization of over $880 million. At the time of writing, the token price was $1.48. This year, the Tezos token caused some outrage in the community, since Tezos Foundation conducted an ICO in two weeks in 2017, and did not provide tokens to investors for almost a year. As a result, four lawsuits have been filed against the project due to the delay and allegations that the Tezos ICO is a sale of unregistered securities.

Overall, however, Tezos appears to be a project with great potential. The network was launched on September 17, and the project itself is an ecosystem of smart contracts created for decentralized applications. Designed to be changeable, the Tezos network uses a special type of proof of stake. The consensus mechanism provides all network members with an equal opportunity to authenticate transactions.

Investors and traders reacted positively to the announcement of the token’s listing on the Kraken exchange and call Tezos an excellent project.

According to cryptoinsider.com