Kraken to Add Bech32 Support for BTC and QTUM

Bech32 format corresponds to addresses that support sending transactions using SegWit scaling technology
08 November 2018   947

The popular American cryptocurrency exchange Kraken announced the long-awaited integration of Bech32 addresses for Bitcoin and QTUM.

To date, Bech32 addresses have been integrated only for withdrawal operations. Bech32 addresses start with “bc1” and “qc1” for bitcoin and QTUM, respectively. Support for Bech32 addresses for depositing operations will be implemented soon, the company promises.

The Bech32 format corresponds to addresses that support sending transactions using SegWit scaling technology, activated in the Bitcoin blockchain about a year ago. According to the transactionfee.info portal, by now the share of SegWit transactions in the Bitcoin blockchain has again dropped to 42%, after being briefly close to 50%.

Earlier, the Kraken exchange stated that it supported the launch of SegWit in the bitcoin blockchain and uses the Bech32 format to make transfers in its internal systems, but refused to provide customers with access to such addresses until the technology is integrated into large wallets such as Bitcoin Core. Release of Bitcoin Core 0.16.0 with support for SegWit was held in February of this year.

Get more info on Bech32 at GitHub.

Kraken to List OmiseGO and PAX Gold

Trading will be available in OMG/USD, OMG/EUR, OMG/XBT, OMG/ETH, PAXG/USD, PAXG/EUR, PAXG/XBT, PAXG/ETH pairs shorlty after both acceptance
29 October 2019   329

The popular bitcoin exchange Kraken announced the listing of two new assets - OmiseGO (OMG) and PAX Gold (PAXG).

Acceptance of deposits for both assets starts on Tuesday, October 29, at 13:30 UTC. Trading pairs OMG / USD, OMG / EUR, OMG / XBT, OMG / ETH, PAXG / USD, PAXG / EUR, PAXG / XBT, PAXG / ETH will be launched shortly afterwards.

According to the exchange, support for OMG and PAXG will be implemented on the main Kraken platform, as well as on Kraken Pro and the OTC platform.

Futures and margin trading at this stage are not yet available.