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Kraken lists Nano against US dollar, pushes price up 12%

Daniel Phillips


In the last 24 hours, Nano (NANO) has recorded a 12% gain in price, seeing the cryptocurrency climb from just $0.903 up to its current value of $1.03. Nano is currently at its highest price point in almost three months, having gained 43% in the last month alone.

As a result, Nano has jumped several places on the cryptocurrency rankings to become the #44 largest cryptocurrency by market cap. It's total size is now $137.25 million.

Nano's recent positive momentum appears to have been catalyzed by news that the cryptocurrency will be listed on crypto exchange Kraken. According to the announcement, Nano trading starts today, with four trading pairs being made available.

Kraken will be listing Nano with two fiat trade pairs—NANO/USD and NANO/EUR. This is the first time Nano has been listed against fiat currencies on a major exchange platform, making the cryptocurrency more accessible to retail investors.

Besides today's bullish price action, Nano has been on a gradual uptrend since October 23, despite having collapsed from its 2019-high of $1.97 back in April.