Cryptocurrency exchange Kraken announced earlier this week it was listing Cosmo (ATOM) on its platform. Kraken reported it has enabled funding and trading. Clients are now able to place buy orders as soon as trading is enabled, but sell orders will not start appearing until after the first ATOM deposits clear. Kraken’s description of Cosmos is:
“Cosmos is a Proof-of-Stake blockchain interoperability project based on the Tendermint consensus protocol. Cosmos and Tendermint aim to provide a fast and highly scalable consensus protocol and reduce the time and complexity involved in building Blockchain applications, providing a stable interface for popular programming languages. Cosmos comprises a decentralized network of independent, parallel blockchains, each powered by the core consensus protocol, with constituent and derivative blockchains within the Cosmos ecosystem understood as ‘zones’ operating in proximity to the principal. ATOM is the token powering the main Cosmos Hub.”
Cosmos trading pairs are the following:
Kraken also noted that clients will be able to trade ATOM on both Kraken and at Kraken Pro.