Avalanche (AVAX) is the last piece to land on Kraken
Avalanche (AVAX), the native token of the high-throughput Avalanche blockchain, has started trading on San Francisco-based crypto exchange Kraken, according to a Tuesday announcement.
Kraken announced that it will list AVAX on December 16 and has opened deposits for holders.
The token is now tradable against the U.S dollar and the euro.
The “Ethereum killer” is now focused on a new record after jumping more than 10% today. AVAX hit its current high of $ 144.96 on December 21.
A bullish streak
Last Tuesday, Circle’s USDC added support for Avalanche, causing the native token to soar more than 10% in one day.
Leading cryptocurrency custodian BitGo, which claims $ 64 billion in assets under management, also added support for the token last week.
The cryptocurrency is sitting in tenth place by market cap (behind only Terra’s LUNA).
According to leading crypto research firm Delphi Digital, Avalanche’s C Channel has seen a sharp increase in development activity. More than 70,000 unique contracts have been deployed on the chain.
Bank of America’s research team described Avalanche as a viable alternative to Ethereum in a report published earlier this December, bolstering the coin’s bull case.
Last month, Kraken also added support for Shiba Inu, captivating the community.
Neither AVAX nor SHIB can be traded with leverage for now.
Kraken acquires a staking platform
In other news, Kraken announced the acquisition of staking startup Stake earlier today. The company notes that staking activity has swelled to $ 16 billion this year.
