Editor's Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina), Author: HELEN PARTZ, reprinted with authorization by Odaily.

Editor's Note: This article comes from

Cointelegraph Chinese (ID: CointelegraphChina)

, Author: HELEN PARTZ, reprinted with authorization by Odaily.

Bittrex Global, one of the world's most popular cryptocurrency trading platforms, will be the first cryptocurrency exchange to list the token of Kadena, the blockchain subsidiary of JPMorgan Chase & Co.

Kadena Token (KDA) finally had its first official listing on June 25. While tokens can be deposited in the KDA wallet on Bittrex immediately, trading will begin on June 26 at 10:00AM ET.

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Bittrex Global Unable to Trade in the US and Some Sanctioned Countries

By listing the KDA token on Bittrex Global, Kadena gained a lot of exposure. Bittrex is one of the largest cryptocurrency exchanges in the world, with an average daily trading volume of around $37 million at press time.

However, KDA trading will not be open to all users worldwide. Bittrex Global is not available in the US or other sanctioned countries such as Egypt and Cambodia.

KDA had a market capitalization of $13 million when it was first listed

Kadena's KAD token is the native cryptocurrency of the Kadena hybrid blockchain platform. This platform is based on the traditional Proof-of-Work (PoW) consensus. After Kadena started mining in November 2019, a total of 35 million KDA tokens have entered circulation so far. About 100 million KDA tokens will be mined next year, according to Kadena co-founder and CEO Will Martino. Kadena's KDA token price will depend on demand and supply.

As of press time, major cryptocurrency tracking sites such as CoinMarketCap and CoinGecko do not display full statistics for the KDA token, but instead provide some information on historical price changes since early June 2020. Some “faulty integrations” could be the cause of the problem, Martino said, noting that KDA had a market capitalization of $13 million before the Bittrex listing. He said:

“Since its launch in January, KDA has been mostly over-the-counter (OTC) only. KDA is listed on Bittrex Global for the first time. Some so-called unreliable exchanges, such as Hotbit, have made false integrations, providing what CoinMarketCap and CoinGecko need price data."

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