• Kraken announced the listing of two Reddit cryptocurrency tokens — MOONS and BRICKS.
• Users can trade these cryptocurrencies on spot and futures markets, as well as through USD and EUR trading pairs.
• Trading for these two assets will begin later in the day.
Kraken Lists Reddit Cryptocurrency Tokens
Kraken, a cryptocurrency exchange, announced the listing of two Reddit cryptocurrency tokens — MOONS and BRICKS — on Aug. 7th. These tokens can be traded on spot and futures markets, as well as through USD and EUR trading pairs, with deposits available immediately. Trading for these two assets will begin later in the day; however, it is unclear whether trading has begun yet or not.
Trading Platforms
Users can trade MOONS and BRICKS on Kraken and Kraken Pro, with future plans to enable trading on the Kraken App and Instant Buy feature once sufficient liquidity is gathered from more traders entering the market.
Arbitrum Nova Network
The only way to deposit MOONS or BRICKS is through Arbitrum Nova network which is designed to function as a second-layer Ethereum scaling solution that prioritizes security while maintaining high throughput speeds for token transfers across multiple chains simultaneously.
Market Price Gains
The new listings follow earlier speculation and past price gains by both tokens; however, it remains to be seen how they will perform with increased liquidity when users are able to freely trade them on Kraken’s platform.
Conclusion
Overall, Kraken’s listing of both MOONS and BRICKS offers users an additional avenue for trading various cryptocurrencies when it comes to spot markets, futures markets and different currencies like USD/EUR pairings. As such investors should keep their eyes open for potential opportunities that may arise due to increased liquidity once trading begins later in the day.