Categories: Market

Kraken Exchange lists KILT protocol (KILT)

KILT Protocol (KILT) is growing more and more and is present on many large platforms. The Kraken exchange just announced the listing of KILT and claims that users can now deposit tokens.

https://twitter.com/krakenfx/status/1465742641098862594?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener

KILT is listed on Kraken

As Bitcoin magazine mentioned, KILT is an open source blockchain protocol that provides decentralized identifiers and verifiable certificates. The goal of the protocol is to be the best identity solution for Web 3.0. Although it is not clear whether this great goal can be achieved in the future, the KILT protocol has achieved a certain level of awareness in the crypto community. The protocol’s ambitious proposal to give users control over their digital identities appears to have resonated with the community.

Not so long ago, the MEXC Global exchange announced the listing of KILT, which shows that there is a great appetite for the token. The price of KILT then skyrocketed 900% and brought huge profits for the crowdloan participants.

Hence, many are expecting the decision to list KILT by Kraken, the fourth largest exchange in CoinMarketCap in terms of 24-hour trading volume, behind Binance, Coinbase and FTX. Kraken has an average liquidity of 734, higher than both Coinbase and FTX, just behind Binance at 812.

At the time of writing, the price of KILT hasn’t had a huge positive move. KILT is trading at $ 9.08, down more than 4%, but trading volume is still $ 6.17 million, up 80% in the last 24 hours.

Source: Coinmartketcap

The reason seems to be that the exchange did not open KILT trading immediately. Kraken only announces that those who contributed to the Parachain KILT auction have now received KILT rewards on their Kraken account.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.