Is a Ravencoin Kraken Listing Also in the Works?
Ravencoin supporters have been on an information crusade for years to get Ravenncoin listed in all major exchanges. Ravencoin is a decentralized, open-source, blockchain project that boasts strong support from a very engaged community.
RVN supporters (shall we call them Ravenites?) are very active – in twitter, Reddit, Telegram, Discord, and a few other social platforms – expressing their support for everything Ravencoin related. This includes getting RVN listed in some of the major exchanges, so that mass adoption of Ravencoin and Ravencoin tokenized securities can hit the next phase.
Currently Ravencoin is listed in over 75 exchanges globally, including a few major crypto exchanges. Some of the exchanges with the highest RVN trading volume include Binance, OKEx, Upbit, Huobi Global, Bittrex, etc.
Ravencoin was listed on OKEx, just earlier this year. And there is a strong sense of expectation that Coinbase is about to list Ravencoin soon. As such, it makes sense that other large and/or popular exchanges will follow suit.
One of the major exchanges Ravenites expect to list RVN is soon is Kraken. Talk about this surfaced again just a few days ago in Reddit, when a user posted a link to a Kraken webpage titled “What is Ravencoin? (RVN) .” Indeed, the screenshot below shows this page was published on January 26, 2021.
And as one user points out, the bottom of the Kraken webpage has a note that says: “We don’t yet offer RVN on Kraken but check out our entire selection here and signup for an account!” Emphasis on the word “YET”
One of the primary concerns crypto exchanges face when considering adding a listing is trying to figure out which crypto projects are deemed securities and which projects aren’t. Obviously, exchanges don’t want to deal with securities. This issue has never been a concern for Ravencoin, as the coin was never issued through an ICO and it stared without a pre-mine.
We also know that the Ravencoin Foundation officially submitted a listing request to Kraken on March 2, 2021. The request includes compelling language, including the following:
RVN was never issued via an ICO, and had no pre-mine. It has no regulatory overhang. It was fairly launched. RVN is a proof-of-work coin with an ASIC-resistant GPU algorithm that pushes the boundaries of modern GPUs. It is currently #2 for the most profitable coin to mine after Ethereum, so we’re expecting an influx of miners because of EIP-1559.
It makes sense that a Ravencoin Kraken listing could be in the works! Overall, the stars appear to be aligning for Ravencoin’s now that the project has proven it is viable and has immense potential. Recently Ravencoin and OpenDAO announced they are officially joining forces to bring added utility and an entire world of assets to DeFi.
According to the linked article:
“If you’re a Ravencoin holder and you’re long on the project, but want to free up some capital, ‘double down’ on $RVN, or diversify your investments, the $RAVENO stable coin was created with you in mind. The RVN hodler community will soon be able to convert their RVN to the new stable coin, and from there, the sky’s the limit! Holders will be able to easily convert their stablecoin to $USDC (or similar) for deployment elsewhere or will be able to add their newly minted stable coins to a RAVENO/Stablecoin pool and receive both $RVN and $OPEN as rewards for being a liquidity provider! The process will be streamlined and made as intuitive as possible.”
Among other things, this also means crypto exchanges will have even more incentive to list RVN. I for one love the idea of not selling RVN, but being able to free up capital to use however I please.
Regardless of upcoming RVN listings on exchanges, Ravenites are behind Ravencoin for the long term. They argue the name of the game at this stage is mass adoption. And from all the recent news surrounding Ravencoin, it sounds like mass adoption is about to get going.
Are you a Ravenite? Please share below.