Digital Asset Exchanges Kraken and Coinbase Announce Trading Support for the Graph (GRT)

Digital asset exchange in the US Kraken has announced that The Graph (GRT) trading is now available on its platform.

The Kraken team confirmed that while they are pleased to announce that The Graph (GRT) trading is supported on their exchange, it is not currently available in the US and Canada (presumably due to regulatory constraints).

As explained in the publication, GRT is an Ethereum (ERC-20) token used to facilitate transactions on The Graph, described as a “decentralized” protocol for searching and indexing the data on blockchain networks.

The Graph is expected to play a role for blockchain or distributed ledger technology networks somewhat similar to the role played for websites by Google Search (which mainly searches and indexes websites). The data from blockchain or DLT networks like Bitcoin, Ethereum and many cryptocurrency platforms will be “grouped into ‘sub-paragraphs’ that anyone can query through open APIs,” the Kraken team noted.

The trading pairs supported for The Graph token on Kraken will be USD, EUR, Bitcoin (XBT), and Ether (ETH): GRT / USD, GRT / EUR, GRT / XBT, GRT / ETH. (Note: to learn more about this offer, check here.)

The Graph (GRT) is now available on the Coinbase exchange in San Francisco. Starting December 18, 2020, users (for retail merchants) can begin trading GRT tokens. They can also be traded through Coinbase Android and iOS apps. Coinbase users can now buy, sell, convert, send, receive or store GRT. The digital ticket is currently available in all “Coinbase supported regions, except New York State” (due to regulatory restrictions). For more details on this offer, look here.

As reported in September 2020, The Graph introduced a curated program with Coingecko, CoinMarketCap, Messari, Delphi, Balancer, Synthetix, and several other crypto service providers.

The Graph supports the indexing of data from Ethereum (ETH), POA, and IPFS, and states that more networks will be added soon. More than 1,700 sub-paragraphs have been submitted for various apps including Balancer, Uniswap, Synthetix, Aragon, Gnosis, Livepeer, DAOstack, Aave, and Decentraland.

As handled in July 2020, The Graph had launched its incentive testnet, Mission Control, after securing $ 5 million in funding to decentralize a decentralized finance inquiry (DeFi) layer and Web 3.0 applications.