Kraken Sarcastically Responded to the Intention of Coinbase

The Kraken cryptocurrency exchange published a sarcastic statement, in response to an unexpected decision by the Coinbase exchange, to list five new digital assets. As you know, Coinbase will add support for such cryptocurrency assets as Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX).

However, the company noted that it was not granted approval from regulatory bodies, including the Securities and Exchange Commission (SEC). According to the representatives of the company, the news about adding five cryptocurrencies to the listing was made with a view to publicly announcing the intentions that are planned to be implemented in the future.

“Unlike Ethereum Classic, which is technically similar to Ethereum, these assets require additional work that necessitates contact with many external parties. To ensure that this news comes to you directly from us, we are publicly announcing our intentions. Please note that we are not guaranteeing the listing of any of these assets. We may list them with partial support, or only in specific jurisdictions. In particular, some assets may become available in other countries before the US.”

Humorous reaction of Kraken

In turn, the Kraken exchange decided to humorously react to the statement of the representatives of the Coinbase exchange. So, in their blog they told about the fact that they plan to add 1600 new coins, including all those that are presented on CoinMarketCap.

Most investors and users of the cryptocurrency community reacted positively to the promising approach of Coinbase on the plans to add five cryptocurrencies. It is worth noting that the listing of assets such as 0x and BAT to the Coinbase exchange requires additional work with local financial authorities and the Securities and Exchange Commission (SEC).

Despite the fact that the Kraken cryptocurrency exchange has humorously reacted to the intentions of the Coinbase exchange, it is worth acknowledging that the addition of new assets to the exchanges during the period of uncertainty in the issue of regulation can be recognized as a positive development of this sphere.

#Kraken, #Coinbase