ICX Now Available On Kraken

ICX Now Available On Kraken

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Kraken has unveiled the latest asset available for trading on their platform, ICX.

The San Francisco-based outfit commenced trading for this new token, which was created by the South Korean blockchain project, ICON, yesterday, 12/09/2019.  However, ICON itself is no newbie to industry and in fact, is one of the oldest and largest blockchain ins the world.

How Do ICON and ICX Work?

With a focus on industrial level operations of multiple types of business to function via one interoperable blockchain, the team behind ICX is well established in its native South Korea. With its blockchain in place at all levels of day-to-day life, including at major universities, governments, and financial services firms.

Their internal “ICON Republic” works as the main communication point but does not operate as the governance of the individual communities. Allowing for those who operate via their blockchain to go about their business autonomously. It is within this domain where the ICX token finds its purpose.

The ICX token is what powers the ICON network, used for values transfers and transactions, while also serving as the platform for DApps to be built on. This thus enables it to be used as a means by which you can utilise the different services offered by ICON.

The ICX token ICO occurred in September 2017. They manage to sell 388.64M ICX and raised a significant $42.75M sum by doing so. As avid traders will know this was shortly before the crypto rush of late 2017 and early 2018, this helped ICX achieve its all-time high of $12.64 less than four months after it launched.

However, it has since hit its all-time low, early this year when in February it dropped down to, $0.181 USD. It has since managed to recover form though, and currently, at the time of writing, it is valued at $0.201 USD, with a market cap of $99,635,591 USD, ranking it 53rd in the world, according to Coinmarketcap.

All of ICON’s systems are overseen by the ICON Foundation, who focuses on development and funding and are essentially, the organisation backing the firm up and sustaining their movement.

How Can I Get Involved at Kraken?

Deposits and withdrawals of ICX went live on Kraken yesterday at 13:30 UTC, with full trading following shortly after all deposits were cleared. This should mean that users can now get involved in this new listing immediately. Users will initially have the option to trade via the pairs ICX/USD, ICX/EUR, ICX/XBT, ICX/ETH, with it currently unclear if more will be added in the coming weeks or months.

If traders want to get involved then they can via Kraken, Kraken Pro or OTC, but Kraken Futures and margin trading are not eligible for ICX trading at the moment in time. As Always, Kraken advise users to trade with caution and be forewarned of the versatility of the market.

IF you aren’t interested in ICX, why not have a look at some of the other listings Kraken has recently listed on their service and see if they sound more appealing to you.

Recently Similar News

Latest Guides

Latest News

Cryptocurrency

Cryptimi Announces Launch of German Language Platform

Here at Cryptimi, we are launching our newest news site in another language, in German. At Cryptimi, we work towards providing our users with the most up to date news and the highest qualify guides and exchanges. Due to the continued growth of our platform, we are happy to announce our newest Cryptimi offering, the […]

21 October, 2020
Changelly,Cryptocurrency,Trading

Changelly Helps Users Discover Where They Can Store Polkadot (DOT) Tokens

The Changelly blog has written an article helping their users determine the best places for them to store their DOT tokens. Changelly, the online cryptocurrency exchange, has created a new blog post to help users figure out where the best place to store their Polkadot (DOT) tokens. Polkadot (DOT) was created  by one of Ethereum’s […]

19 October, 2020
BitPanda,Cryptocurrency,Trading

BitPanda Announced the Launch of Their Own Cryptocurrency Index

BitPanda, the online cryptocurrency exchange, is launching what they call the first “real” cryptocurrency index. BitPanda, the large online cryptocurrency exchange platform, is launching what they say is the first “real” crypto index, which will be available on the BitPanda platform. BitPanda’s cryptocurrency index is very easy for its users to use and is completely […]

19 October, 2020
Binance,Bitcoin,Blockchain,Cryptocurrency

Binance Announced Two New Launchpad Project Partnerships This Week

Binance, the largest online cryptocurrency trading platform, is adding two new projects to the Binance Launchpad for user funding. Binance, the world’s biggest cryptocurrency exchange, is launching their first joint token offering from Binance Launchpad and Binance Launchpool, and is also releasing an additional Launchpool token. In their weekly report, Binance highlights other key factors […]

19 October, 2020
Bitcoin,Investment,Trading

Publicly Traded Companies Now Own $6.7 Billion Worth of Bitcoin

Some of the largest companies in the world are now starting to buy and hold Bitcoin, with over $6.7 billion in total Bitcoin owned amongst publicly traded companies. Companies such as MicroStrategy and Square have been in the news lately for their large acquisitions of Bitcoin ranging from 50 to 100’s of millions of dollars […]

19 October, 2020
Cryptocurrency

Kraken Announces Integration of Filecoin (FIL) Trading on Their Exchange

Kraken, one of the largest online cryptocurrency exchanges, is launching trading for Filecoin starting on October 15th. Kraken, the online cryptocurrency exchange, has announced their latest exchange addition with the ability for their users to start trading Filecoin (FIL) starting on October 15th. This is a mainnet listing, not a recent addition, meaning that trading […]

19 October, 2020
Bitcoin,Blockchain,Cryptocurrency

What is the Intrinsic Value Of Bitcoin? Kraken Intelligence Explores

Kraken Intelligence, the research arm of the Kraken cryptocurrency exchange, tries to identify the intrinsic value of Bitcoin. Many people question what the intrinsic value of Bitcoin is, and Kraken Intelligence, the intelligence wing of the Kraken crypto exchange, works on answering this question. Although it is hard to precisely define the entire intrinsic value […]

19 October, 2020
Binance,Bitcoin,Cryptocurrency

Binance Partners With Alpha Finance Lab to Give Away $3,000 in ALPHA

Binance, the largest online cryptocurrency exchange platform, has partnered with ALPHA to giveaway $3,000 of their native token via lottery numbers. Binance, the worlds largest online cryptocurrency exchange, has partnered with Alpha Finance Labs to give away $3,000 worth of ALPHA during their token sale taking place on Binance Launchpad.  All you have to do […]

19 October, 2020