Popular bitcoin and cryptocurrency exchange Kraken, announced today the listing of two new cryptocurrencies, with ADA and QTUM. 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, Kraken keeps a status page for notifications on launch.
Trading Support:
- ADA: ADA/USD, ADA/EUR, ADA/CAD, ADA/XBT, ADA/ETH
- QTUM: QTUM/USD, QTUM/EUR, QTUM/CAD, QTUM/XBT, QTUM/ETHs
Confirmations required before deposits credit
- ADA: 15 confirmations
- QTUM: 30 confirmations
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.
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.
Users will be able to trade ADA and QTUM on both Kraken.com and its more advanced platform at trade.kraken.com. Margin trading will not be available at launch for ADA or QTUM, but may be enabled in the future.