Binance, Coinbase is Yet to Declare its Stance

Binance.US supporting the Flare Networks snapshot thus leaves Coinbase as the only US-based crypto exchange yet to make a decision regarding the event. Earlier this week, Kraken announced that it will be supporting the snapshot and airdrop.

Huobi, OKEx and Bitfinex to Support the Snapshot and Distribution

Also this week, Huobi, OKEx and Bitfinex announced that they will be supporting the Flare Networks snapshot and eventual distribution of Spark Tokens (FLR).

Quick take:

  • Binance.US has officially announced its support for the Flare Networks snapshot
  • This leaves Coinbase as the only major exchange yet to confirm support for the event
  • Huobi, OKEx and Bitfinex have also announced their support
  • A Consortium of 12 Japanese crypto exchanges has also announced their support for the snapshot. However, the distribution of Spark Tokens will require FCA and JCVEA approval

XRP investors in the United States now have Binance.US as an option for participating in the Flare Networks snapshot on the 12th of December. The crypto community had initially assumed that U.S.A jurisdictional issues with respect to airdrops, might prevent the exchange from doing so. However, the team at Binance.US made the official announcement earlier today by stating the following.

In support of Binance.US XRP holders, Binance.US will provide XRP balance snapshots for Binance.US users, allowing users to then opt-in to the Flare Network distribution of SPARK in 2021.

12 Japanese Exchanges Seeks JVCEA and FSA Approval to Distribute Spark Tokens

The team at Flare Networks is also in talks with a consortium of 12 Japanese Crypto exchanges with respect to supporting the distribution of Spark Tokens (FLR) next year. According to an official announcement from the 12 Crypto Exchanges, the airdrop needs JVCEA and FSA approval by June 22nd, 2020.

If Spark token is officially approved for listing by the Japan Virtual and Crypto assets Exchange Association (JVCEA) and the Financial Services Agency by June 22, 2022 JST, we will claim Spark token and distribute it to each exchange’s XRP holders.

In the meantime, the snapshot on the 12th will be supported by the 12 Japanese crypto exchanges making up the consortium.

The 12 crypto exchanges are as follows.

  1. bitFlyer, Inc.
  2. QUOINE Corp.
  3. bitbank, Inc.
  4. SBI VC Trade Co., Ltd.
  5. BITPoint Japan Co., Ltd.
  6. DMM Bitcoin Co., Ltd.
  7. Xtheta Inc.
  8. Coincheck, Inc.
  9. DeCurret Inc.
  10. LVC Corporation
  11. Two Other companies
  12. Numerical order by member No. of JVCEA

Leave a Reply

Your email address will not be published. Required fields are marked *