Cardano, XRP’s New Feature Added by Kraken Exchange for Users

Cardano

Kraken exchange sets standard with new feature added for Cardano, XRP

Top crypto exchange Kraken has expanded its support for Cardano and XRP users. The crypto exchange recently announced the addition of new assets BTC, ETH, USDT, USDC, XRP, ADA and DOT to Proof of Asset Audit in a blog post.

The Proof of Reserves audit is an accounting procedure that enables clients who hold these assets on the exchange to independently verify that their Kraken balances are indeed backed by real assets secured by the global exchange.

A recently released audit conducted by global accounting firm Armanino LLP determined that Kraken securely held all assets belonging to clients on its exchange, as well as Kraken’s industry-leading on-chain and off-chain staking. in services as well.

The proof of asset audit for Cardano also covered its staking platform.

As reported by U.Today, Cardano recently set another milestone in its Vasil trial. The much-awaited Vasil hard fork is one of the most significant updates for Cardano yet. This is because Vasil expects to bring significant improvements to Cardano and its Plutus smart contracts.

Ripple cited as a big player in Qatar

Ripple has been cited as a major player by the Cwallet CEO in a recent interview following landmark achievements in the country. As reported by U.Today, Ripple partner QNB launched a direct remittance service for money transfers from Qatar to the Philippines in a historic feat. This makes it the first bank in Qatar to introduce the service.

Through the use of Ripple’s financial technology “RippleNet”, QNB will establish a relationship with China Bank, one of the top private universal banks in the Philippines, to offer this service.

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