Kraken Converts ICX Tokens to SODA Amid ICON Network Transition

Kraken has started converting ICX tokens to SODA on its platform. The exchange will suspend deposits, withdrawals, and trading of ICX from August 7 at 2 p.m. local time. Balances will be automatically converted to SODA at a 1:1 ratio without any separate action.

This conversion is part of the transition process for the ICON network, which has been succeeded by the SODAX project. Kraken's support for this conversion marks an important milestone in the project's journey.

SODAX founder Min Kim said that Kraken's support is meaningful for both the project and its community. He noted that Kraken has a long track record of supporting projects undergoing major transitions, providing ICX holders with a clear path to the next step.