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Kraken, Poloniex Enable Trading of Ethereum-based Gnosis

Last Updated March 4, 2021 4:56 PM
Samburaj Das
Last Updated March 4, 2021 4:56 PM

Major cryptocurrency exchanges Kraken and Poloniex have begun trading of Ethereum-based prediction market Gnosis’ tokens (GNO) a week after its record ICO token sellout.

Built on the public Ethereum blockchain, Gnosis is an open B2b platform enabling speculators to predict the outcome of any event with real-time data. The platform provides tools to create customized prediction market applications for individuals and enterprises alike.

As reported by CCN.com last week, Gnosis raised around $12.5 million in under 10 minutes during a sell-out auction for 4.19% of GNO tokens at 0.6 ETH per token (approx. $30 at the time), giving the project a valuation of $300 million in total.

San Francisco-based crypto exchange Kraken, which partnered the Gnosis team to facilitate the ICO auction on its platform, has announced  the launch of Gnosis trading with four trading pairs that includes crypto and fiat options. Trading went live after GNO tokens were released to auction buyers on May 1st.The exchange will facilitate trading between Gnosis – Ethereum (GNO/ETH), Gnosis-Bitcoin (GNO/BTC), Gnosis – US Dollar (GNO/USD) and Gnosis – Euro (GNO/EUR).

At the time of the auction, US-based crypto Poloniex announced  that it would enable trading of Gnosis tokens a week after the close of the auction.

Now, Poloniex has confirmed  the launch, with trading between the token and bitcoin & Ethereum. GNO/BTC and GNO/ETH trading pairs are now live.

While GNO tokens begin trading on the two cryptocurrency exchange platforms, GNO futures are already being traded on BitMEX since April.

Featured image from Shutterstock.