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Kraken lists Chainlink (LINK) and Dai (DAI) tokens, trading apps in development

Arijit Sarkar

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Kraken lists Chainlink (LINK) and Dai (DAI) tokens, trading apps in development
Source: Pixabay

Collaborations maintain an upward trajectory in the crypto ecosystem as companies strive to support fellow initiatives, all aimed at spreading mass adoption. On a similar note, cryptocurrency exchange Kraken has announced to add Chainlink (LINK) and Dai (DAI) in its listing. The news was made public through an official post, which read,

“We are pleased to announce that Chainlink (LINK) and Dai (DAI) will be listed on Kraken starting September 25.”

The trading pairs for the tokens are LINK/USD, LINK/EUR, LINK/XBT, LINK/ETH, DAI/USD, DAI/EUR, DAI/XBT, and DAI/ETH, each sporting confirmation times averaging 6 minutes. As caution to naive investors, the exchange has also said,

“Limit orders are recommended when trading starts since the markets may be illiquid initially. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss).”

Answering one of the crypto enthusiast on Twitter, @krakensupport informed about the company’s ongoing development for spot and futures trading apps, although no release dates were confirmed. As per the announcement, Kraken will enable deposits and withdrawals for LINK and DAI at approximately 13:30 UTC on September 25, which will be made available for Kraken, Kraken Pro and OTC services.

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Arijit is a full-time journalist at AMBCrypto, who focuses on the XRP and Ethereum ecosystem. Leveraging over three years of experience in media and Majoring in Computer Science, he covers the technical developments in the crypto ecosystem

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