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Kraken, one of the largest cryptocurrency exchange in the world have announced that they would add TRX to their Futures Contracts starting next week.

As mentioned on their website and to explain what is Futures Contract:

Futures are derivative contracts that represent an agreement to transact the underlying asset at a date and time in the future. With futures, a trader can gain exposure to an asset’s price movements without the need to own it.

TRX is one of the three tokens to be added to the Kraken Futures next week.

What is Kraken?

Kraken is the 4th largest cryptocurrency exchange in the world and the digital exchange platform was established in 2011. They are one of the pioneers when it comes to Bitcoin exchanges and currently supports over 100+ cryptocurrencies, including popular ones such as:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Litecoin (LTC)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Ripple (XRP)
  • Stellar Lumens (XLM)
  • Solana (SOL)
  • Sushi (SUSHI)
  • TRON (TRX)
  • Uniswap (UNI)

Kraken offers multiple financial services such as digital currency trading and staking, margin trading, indices, and futures trading. They are one of the crypto exchanges there that allow its users to fund their accounts with fiat currencies such as USD, EUR, CAD, JPY, GBP, CHF, and AUD.

It is one of the most secure exchanges out there, given its comprehensive range of safety measures, self-regulated approach, and security audits.

What is TRON?

TRON is a blockchain-based decentralized platform founded by the former TRON CEO, Justin Sun in 2017 and it aims to create a free, global digital content entertainment system with distributed storage technology and allows easy and cost-effective sharing of digital content.

It has a native cryptocurrency called Tronix or TRX and the company is dedicated to building the infrastructure for a truly decentralized Internet and they have added blockchain support to different fields such as DeFi, NFT, and GameFi.

Do you expect more digital trading platforms to add TRX to their futures trading? Let us know in the comments section below.

For more news and updates, see Tron Spark.

Comments

Jino Tokieda

Former EMEA/APAC Operations Executive for a global photography company with 5 years of experience working with top technology companies in the US and have been involved with cryptocurrencies since 2019. Always been a fan of TRON and started getting into the TRX scene around January 2020. Besides creating articles for Tron Spark, I'm a skateboarder and working for a coffee company in Fort Worth, Texas.

Kraken: TRX Added to Futures Contracts Next Week