Kraken to Launch Ether Trading

Cryptocurrency exchange Kraken has announced that it will be offering trade in Ether, Ethereum's digital token, within the next day

Cryptocurrency exchange Kraken has announced that it will be offering trade in Ether, Ethereum’s digital token, within the next day or two.

Ethereum’s protocol was officially launched one week ago, with its genesis block created and its first tool for building applications, Frontier, released. Its native digital token, Ether, must be spent by users performing actions on the network and can be earned by those contributing resources.

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Many in the crypto and broader FinTech communities have high hopes for Ethereum. Three major banks are reportedly looking into using it.

Kraken is fairly selective when it comes to which digital currencies it supports, which include bitcoin, litecoin, dogecoin, namecoin, Ripple’s XRP, stellar, and even Hub Culture’s Ven.

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Ether will be tradable against bitcoin, as well as the five supported fiat currencies (USD, EUR, GBP, JPY and CAD).

Trading will go live once Ether transactions go live in the Ethereum network.

Kraken also announced the redesign of its website, the second within a year. It noted that only the exterior will change for a simpler and cleaner layout, but the trading interface remains the same once logged in.

According to bitcoinity.org, Kraken ranks 12th in global bitcoin trading volume during the past 30 days, capturing 1.44% of the market. In EUR-based trading, it dominates, commanding 45% of the market.

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