Kraken are pleased to announce that Kraken will list two new digital assets – Cardano (ADA) and Quantum (QTUM).
Trading and funding start time
Trading and funding in the two assets will launch simultaneously. The approximate launch time globally is:
PST: Friday September 28 at 6:00 am
EST: Friday September 28 at 9:00 am
UTC: Friday September 28 at 1:00 pm
CEST: Friday September 28 at 3:00 pm
HKT: Friday September 28 at 9:00 pm
Note that the launch time is approximate only and it’s possible the launch might be delayed. Please follow our status page for updates around the time of the launch: https://status.kraken.com/
ADA: ADA/USD, ADA/EUR, ADA/CAD, ADA/XBT, ADA/ETH
QTUM: QTUM/USD, QTUM/EUR, QTUM/CAD, QTUM/XBT, QTUM/ETH
How to deposit
ADA: Navigate to Funding > Deposit > Cardano (ADA) then generate a deposit address and send ADA to this address
(Note that ADA addresses are 104 characters long, so take extra care to ensure you have entered the entire address correctly)
QTUM: Navigate to Funding > Deposit > Quantum (QTUM) then generate a deposit address and send QTUM to this address
Confirmations required before deposits credit
ADA: 15 confirmations
QTUM: 24 confirmations
What is Cardano (ADA)?
Cardano is a decentralized computing platform that aims to offer a broad ecosystem of state-of-the-art features. This includes a scalable settlement layer, a computing layer for smart contracts that also supports cross-chain transfers, a decentralized solution for compliance, a treasury, and a “liquid democracy” governance model. Cardano claims to have the world’s first provably secure proof-of-stake consensus mechanism.
ICO: $0.0024 (January 2017 – raised $62.23M on 25.93B ADA sold)
52-Week High: $1.32 (Jan 3 2018)
52-Week Low: $0.0177 (Oct 6 2017)
Current: $0.0800 (Sept 27 2018)
Market Cap: $2.07B (Sept 27 2018)
Inflation: 45B max
Project website: https://www.cardano.org
What is Quantum (QTUM)?
Quantum aims to combine the best of Bitcoin and Ethereum by welding the two together through an “Account Abstraction Layer.” The result is a marriage of Bitcoin’s unspent transaction output model (but with proof-of-stake consensus) and the Ethereum Virtual Machine (EVM) functionality. One major advantage is that new Bitcoin or Ethereum features can be ported over to Quantum. Similarly, applications built for Ethereum can be ported to Quantum. Quantum runs an “intercompatible” version of EVM (called the “X86 Virtual Machine”) that allows smart contracts to be written in multiple languages.
ICO: $0.306 (March 2017 – raised $15.6M on 51M QTUM sold)
52-Week High: $106.33 (Jan 6 2018)
52-Week Low: $3.09 (Sept 17 2018)
Current: $3.61 (Sept 27 2018)
Market Cap: $320.85M (Sept 27 2018)
Inflation: 1 QTUM/block
Project website: https://qtum.org
Will the assets be available on the new trading platform?
Yes – clients will be able to trade ADA and QTUM on both https://www.kraken.com and the new platform at https://trade.kraken.com. If you haven’t tried the new platform yet we highly recommend it – most clients clients prefer it for the improved UI, integrated charts and tools. Also, it supports mobile trading (just navigate to https://trade.kraken.com on your mobile device and select “Trading” in the bottom right to get started).
What about margin trading?
Margin trading will not be available at launch for ADA or QTUM, but may be enabled in the future.
Will Kraken list more assets?
We do plan to list more assets, however, our policy is to never reveal any details in advance – not even about which assets we are considering. Our support agents cannot answer any questions about which assets we may be listing in the future.
Invest with caution
Listing an asset or token on the exchange does not constitute an endorsement by Kraken, nor in any way a recommendation to buy (or sell) the asset or participate in the associated network. While we do extensive research in our evaluation of an asset before listing, we focus on aspects of the project’s legitimacy (it is not illegal and not a scam), and on the security and reliability of the settlement layer (our risk in allowing deposits and withdrawals of the token). Our research does not in any way consider whether the price is justified, or likely to go up or down in the future. Do your own research and invest at your own risk.
Trade with caution
You should always consider the available liquidity when trading in any market and manage this risk accordingly. But the liquidity of a newly listed asset may be very low, so caution is especially warranted. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss). To be safe, we recommend the use of limit orders to help ensure that your orders don’t get filled at unexpected prices.
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