Kraken lists Pepcoin as trading goes live on the exchange
The cryptocurrency platform says the token's low transaction fees make it suitable for everyday payments and microtransactions
Kraken, the cryptocurrency exchange, has listed Pepcoin (PEP) and opened trading, with activity live from 11 February.
The company said users can deposit PEP to their Kraken accounts through the platform's funding section, but warned that tokens must be deposited on supported networks, with deposits made via other networks lost permanently.
Kraken described Pepcoin as a fully decentralised blockchain built specifically for the Pepe community, with no single owner or controller, and said the network operates with very low transaction fees, often fractions of a penny.
The company said trading via the Kraken App and its Instant Buy feature will become available once liquidity conditions are met, meaning a sufficient number of buyers and sellers have entered the market for orders to be matched efficiently.
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Kraken noted that geographic restrictions may apply.
The exchange said it will not disclose details of potential future listings until shortly before launch, adding that all currently supported tokens are listed on its website and that new additions will be announced on its Listings Roadmap and social media channels.
The Recap
- Kraken opened trading in Pepcoin (PEP) on 11 February.
- The blockchain charges transaction fees often fractions of a penny.
- App and Instant Buy enabled when liquidity conditions are met.
