Kraken has announced its acceptance of Ethereum Classic (ETC) tokens following Ethereum’s successful hard fork last week.
Also read: David Seaman: Ethereum Classic ‘Little More Than Troll Vaporware’
Kraken ‘Elects to Support’ Classic
In a statement released today, the exchange said it “elected to support classic ether along with most of the major Ethereum exchanges.”
Kraken will offer ETC/XBT, ETC/ETH,ETC/USD and ETC/EUR pairs.
The move comes as the price of ETC, the token of the chain, which does not recredit investors from the DAO hack that caused the hard fork, has been gaining huge support within a short timeframe.
Frantic trading on exchanges such as Poloniex saw the token’s value soar by over 250% in just 2 hours. Volatility was and remains considerable.
Nonetheless, popular sentiment Tuesday was that ETC’s support by major exchanges would both further value increases and reduce volatility, with users including Bitcoin.com’s own JP Buntinx welcoming Kraken’s decision:
Thanks to @krakenfx for properly adding #ETC trading to avoid replay attacks.
— Jean-Pierre Buntinx (@jdebunt) July 27, 2016
However, risks of the much-talked about replay attacks still abound, with Kraken giving special mention to users and highlighting the need for traders to “understand the risk of
Read more ... source: TheBitcoinNews
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