Leading cryptocurrency exchange Kraken has announced the support for Monero (XMR) trading on its platform. Monero is one of the leading cryptocurrencies and has witnessed unprecedented growth in 2016 – 40x market cap growth. It trades with high volume and liquidity and is currently the fifth largest cryptocurrency by market cap. It is built on the core principles of privacy, decentralization, open development, scaleability, and fungibility. According to the official announcement, the XMR trading pairs available at launch include XMR/XBT, XMR/EUR, and XMR/USD. Kraken said that margin trading is coming soon. For funding their accounts with XMR, users need to go to Funding > Deposit > XMR and generate a deposit address. Then they need to send their XMR deposit to this deposit address. “15 confirmations are required before the funds are available in your account balance for trading. Kraken utilizes integrated addresses which have the payment ID embedded in the address, so you don’t need to specify a separate payment ID for your deposit”, it added. Also, Kraken recommended users to upgrade to Monero v0.10.1 before the upcoming hard fork – planned for block 1220516, estimated for January 9th or 10th. As the hard fork could lead to significant price volatility, Kraken said that XMR deposits will go offline shortly before the fork and remain offline for several hours after the fork. Text-to-speech function is limited to 100 characters
Monero ( XMR ) can now be traded on cryptocurrency exchange Kraken , according to an announcement by the exchange. Kraken is the fifth largest trading cryptocurrency by market cap, having grown 40-fold in 40x . The currency can be traded with bitcoin , Monero v0.10.1 or bitcoin dollars and will soon be available to trade on margin, the exchange said.