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Cardano Ecosystem

Finbold

11/13/2023

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Cardano founder interested in teaming up with Kraken

Following news reports that one of the largest cryptocurrency trading platforms in the world, Kraken, was seeking a partner to help it develop a Layer 2 blockchain, the founder of the Cardano (ADA) ecosystem,...

Cardano founder interested in teaming up with Kraken

Following news reports that one of the largest cryptocurrency trading platforms in the world, Kraken, was seeking a partner to help it develop a Layer 2 blockchain, the founder of the Cardano (ADA) ecosystem, Charles Hoskinson, has offered to become this partner.

As it happens, Hoskinson shared an article about Kraken considering several major blockchain technology firms to help the crypto exchange achieve its goal and tagged Kraken’s chairman Jesse Powell, stating he was up for it and asking Powell to message him if he was too, according to the X post on November 13.

Indeed, Kraken is currently mulling over partnering with one of the leading names in the industry, among others, including Polygon (MATIC), Matter Labs, and Nil Foundation, to use their technology in a bid to keep up with a broader trend of crypto firms expanding into blockchain development.

Cardano’s continuous work

Whether or not it becomes Kraken’s partner of choice, the team at Cardano has been hard at work since the platform’s foundation, recently adding the non-custodial wallet platform Nami, developed by Alessandro Konrad, to its product family, earning it some criticism, which Hoskinson considers unfounded.

Its other achievements include the milestone Mithril 2 paper and strategic partnership with Polkadot (DOT), in which Input Output Global (IOG) plans to deploy Polkadot’s core blockchain SDK Substrate and the framework’s modular technology to create its ‘partner chain’ project, as Finbold reported on November 7.

Meanwhile, Cardano’s cryptocurrency, ADA, was at press time changing hands at the price of $0.36889, down 3.70% in the last 24 hours but still holding onto the gain of 4.08% across the previous seven days and a more significant 49.40% increase over the past month, as per data on November 13.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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