Avalanche (AVAX) Starts Trading on Kraken as Price Soars 10%

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Alex dovbnya

Avalanche (AVAX) is the latest coin to land on Kraken

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Avalanche (AVAX), the native token of the high-yielding Avalanche blockchain, has begun trading on the San Francisco-based crypto exchange Kraken, according to an announcement Tuesday.

Kraken announced that it would list AVAX on December 16 and opened deposits for holders.

The token can now be traded against the US dollar and the euro.

The ‘Ethereum Killer’ is now targeting a new high after surging more than 10% today. AVAX reached its current record high of $ 144.96 on December 21.

A bullish streak

Last Tuesday, Circle’s USDC added support for Avalanche, causing the native token to skyrocket more than 10% in one day.

BitGo, the main custodian of cryptocurrencies, which has assets under management worth $ 64 billion, also added support for the token last week.

The cryptocurrency ranks 10th by market capitalization (behind only LUNA de Terra).

According to leading crypto research firm Delphi Digital, Avalanche’s C-chain has seen a strong rebound in development activity. More than 70,000 unique contracts have been implemented in the chain.

Avax

The Bank of America research team described Avalanche as a viable alternative to Ethereum in a report published in early December, reinforcing the coin’s bullish argument.

Last month, Kraken also added support for Shiba Inu, wowing the community.

Neither AVAX nor SHIB can trade on leverage for now.

Kraken acquires a participation platform

In other news, Kraken announced the acquisition of startup Staked today. The company notes that the stake business has exploded to $ 16 billion this year.


Source: https://u.today/avalanche-avax-starts-trading-on-kraken-as-price-soars-10

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