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Digital Currency Revolution Series: Kraken Announces Listing of New Crypto, Lisk onboarded

The renowned crypto exchange, Kraken announces that Lisk (LSK) is listed on their trading platform starting November 19th.

As we know that Lisk is an open source blockchain, driven by a native utility token called ‘LSK’, that is focused on accessibility. The token enables developers to program in JavaScript, one of the most robust and popular coding languages in the world, allowing those unfamiliar with blockchain technology to build applications on the network. 

As per the Kraken’s announcements, their exchange will commence trading facility approximately from 14:30 UTC on November 19th that enables traders deposits and withdrawals for LSK. The available trading pairs are LSK/USD, LSK/EUR, LSK/XBT, LSK/ETH.

The initial trades will begin shortly after funding is enabled as sell orders cannot be placed until deposits clear.

Technically, the pair (LSKBTC at Binance exchange) shows some buying momentum from the last couple of days, back-to-back hammers at 0.0000837 and 0.0000830 levels, the bullish patterns take-off rallies above DMAs with bullish crossover. For now, more rallies likely as both leading & lagging oscillators substantiate.

In addition to this, Kraken is currently, providing next level trading facility for ‘Cryptocurrency Futures’ as well. Cryptocurrency futures allow you to maximize your returns by utilizing the power of leverage to multiply your profits and apply advanced trading strategies. Use futures to speculate on the direction of the market and mitigate risk, all while holding less crypto than on a spot exchange.

By Niranjan Patil
  • Market Data
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