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

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 for Filecoin will begin once the network enables transfers of their native currency. Mainnet launches can lead to massive volatility as the asset beings to discover its spot price, so if you are a new trader make sure to be vigilant, have a strategy, and never invest more than you are willing to lose.

Filecoin (FIL) is a platform dedicated to creating a decentralized file sharing and storage system for its users. It is not the only platform aiming to create this type of product, but received an extremely large seed round in 2017 of over $200 million. Filecoin aims on becoming the largest and least expensive option for users to store their data in a decentralized and censorship resistant way.

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