Kraken Exchange announces the listing of KILT Protocol (KILT)

KILT Protocol (KILT) is growing more and more when gradually available on many major platforms. Accordingly, crypto exchange Kraken has just announced the listing of KILT, claiming that users can deposit tokens right now.

KILT is listed on Kraken

As mentioned before, the KILT Protocol has a lot to do with Polkadot. KILT is a blockchain protocol for issuing self-sovereign verifiable revocable anonymous credentials that enable trust market business models in Web 3.0. It’s a blockchain about decentralized identities (DIDs).

Furthermore, the KILT token is going to work across both chains. It was launched as a crowdloan on Polkadot’s canary network Kusama, but at the end of the Kusama parachain lease, they will eventually migrate to their parachain on Polkadot. While it is not certain that the project will make a big deal in the future, the KILT Protocol has gained a certain degree of popularity in the crypto community. The proposal to give users back control of their digital identities seems to have resonated with the market.

Not long ago, exchange MEXC Global announced the listing of the KILT token, showing that there is a lot of appetite for the token. The price of KILT then skyrocketed by 900% and made huge profits for the crowdloan participants, as AZCoin News reported.

Thus, many expect the decision to list KILT by Kraken, the crypto exchange currently ranked fourth on CoinMarketCap rankings in terms of trading volume over the past 24 hours, behind Binance, Coinbase, and FTX. Kraken has average liquidity of 734, higher than both Coinbase and FTX, only behind Binance with 812.


KILT price | Source: CoinMarketCap

At the time of writing, the price of KILT did not have much positive movement. KILT is trading at $9.52, but volume is still at $6,097.111.63, up 71.64% over the past 24 hours.

It seems that the reason is that the exchange has not opened KILT trading immediately. Kraken only announced that those who contributed to KILT’s Parachain Auction on Kraken have now received KILT rewards in their Kraken account. Note that this transaction is not available to those in the US, CA, AUS, and Japan.

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