We are pleased to announce that Kraken will list Cosmos (ATOM). ATOM trading starts Monday April 22!
Funding and Trading start time
Cosmos plans to enable ATOM transfers at block 500,000, expected at approximately 8am PST (4pm UTC) on Monday the 22nd. Kraken will enable funding and trading shortly after transfers go live. Clients will be able to place buy orders as soon as trading is enabled, but sell orders will not start appearing until after the first ATOM deposits clear. Extra caution is required when trading a newly listed asset – see the caution about trading below for more information.
The start time is approximate. Check the status page for updates around the time of the launch.
Cosmos trading pairs
How to deposit
Navigate to Funding > Deposit > Cosmos (ATOM) then generate a deposit address and send ATOM to this address
What is Cosmos?
Cosmos is a Proof-of-Stake blockchain interoperability project based on the Tendermint consensus protocol. Cosmos and Tendermint aim to provide a fast and highly scalable consensus protocol and reduce the time and complexity involved in building Blockchain applications, providing a stable interface for popular programming languages. Cosmos comprises a decentralized network of independent, parallel blockchains, each powered by the core consensus protocol, with constituent and derivative blockchains within the Cosmos ecosystem understood as “zones” operating in proximity to the principal. ATOM is the token powering the main Cosmos Hub.
ICO: $0.1 (April 2017 – raised $17.3M on 173M ATOM sold)
Current (forward traded): $4.32 (April 2019)
Inflation: 7-20% per year
Will the asset be available on Kraken Pro?
Clients will be able to trade ATOM on both Kraken and at Kraken Pro. If you haven’t tried Kraken Pro yet, we highly recommend it. Most clients prefer it for the improved UI, integrated charts and tools. Also, it supports mobile trading (click here on your mobile device and select “Trading” in the bottom right to get started).
What about margin trading?
Margin trading will not be available at launch for Cosmos (ATOM), but may be enabled in the future.
What about futures and indices?
Kraken Futures and Kraken Indices will not support Cosmos (ATOM) at launch, but we will reassess as the spot markets become more developed.
What about OTC block trades?
Kraken’s OTC desk will support Cosmos (ATOM) at launch.
Will Kraken list more assets?
We do plan to list more assets, however, our policy is to never reveal any details in advance – not even about which assets we are considering. Our support agents cannot answer any questions about which assets we may be listing in the future.
Invest with caution
Listing an asset or token on the exchange does not constitute an endorsement by Kraken, nor in any way a recommendation to buy (or sell) the asset or participate in the associated network. While we do extensive research in our evaluation of an asset before listing, we focus on aspects of the project’s legitimacy (it is not illegal and not a scam), and on the security and reliability of the settlement layer (our risk in allowing deposits and withdrawals of the token). Our research does not in any way consider whether the price is justified, or likely to go up or down in the future. Do your own research and invest at your own risk.
Trade with caution
You should always consider the available liquidity when trading in any market and manage this risk accordingly. But the liquidity of a newly listed asset may be very low, so caution is especially warranted. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss). To be safe, we recommend the use of limit orders to help ensure that your orders don’t get filled at unexpected prices.