Kraken Lists SODA, Expanding Reach of Cross-Network Execution System

SODAX, a cross-network execution and liquidity system, has expanded its reach after its token SODA began trading on Kraken worldwide. The exchange completed the conversion of ICX balances to SODA at a 1:1 rate between August 10th and 14th.

Kraken will support SODA trading against USD and EUR, with SODA also available for trade on other platforms such as Coinone and Bound Exchange. Min Kim, founder of SODAX, stated 'Every completed listing is a vote of confidence in where SODAX is headed... Kraken gives SODA a permanent global home.'

The SODAX system enables money movement, lending, trading, and settlement across blockchain networks without requiring users or builders to manage bridges or wrapped assets. Its governance token, SODA, has a total supply capped at 1.5 billion tokens with no emissions, contributing 20% of fees generated by the system towards a programmatic buy-back and burn.