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Cryptocurrency exchange Kraken adds support for Augur’s Reputation tokens

[The article has been updated with additional information]

Leading cryptocurrency exchange Kraken today announced support for trading Augur Reputation Tokens (REP) on its platform.

The announcement follows a recent tweet by Kraken in which it sought the opinion of users on whether it should add support for REP tokens. REP trading pairs available at launch include REP/XBT, REP/ETH, REP/EUR, REP/USD, REP/CAD, REP/JPY. Kraken said that margin trading is coming soon.

“We all know that Kraken is one of the top exchanges in the space. This is more important: we are personal fans of the overall Kraken trading experience. We use Kraken, we trust Kraken and – this true – even Joey Krug’s mom uses Kraken! We are elated that they’re featuring REP trading on their platform. We predict that trading of REP on Kraken will be strong”, Augur team said in a statement.

Built on Ethereum, Augur is a decentralized global platform for prediction markets. It allows users to forecast events and get rewarded for predicting them correctly. Owning and storing REP in private wallets grants users the right to get paid in exchange for accurately and reliably reporting on the outcome of events. Reporters need only report correctly for the markets assigned to them but receive their share of 50% of the trading fees from all Augur markets.

Augur ended its crowdsale drive last October and raised over $5.2 million. It placed the Augur Project among the most successful crowdfunding campaigns and as the best in the cryptocurrency space after Ethereum, at the time. The platform is currently running in beta, which was launched in March.

According to the official announcement, the prediction markets will not be enabled until later (exact date not set), and for now REP can only be transferred and traded on Kraken.

Cryptocurrency exchange Poloniex recently announced that the trading of Augur’s Reputation (REP) tokens will soon commence on its platform. 

Augur REP Is Live

Augur’s REP token has been released and is the fifth most valued cryptocurrency by market cap ($108 million). ShapeShift has also added support for REP token:
 

 

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