XYO Expands Global Reach with Kraken Listing
Major DePIN token joins world’s leading cryptocurrency exchange
XYO, the core token powering the XYO DePIN ecosystem, is now listed on Kraken, one of the world’s biggest cryptocurrency exchanges. Spot and perpetual trading for XYO began at 1:00 PM UTC (9:00 AM Eastern / 6:00 AM Pacific), offering enhanced global accessibility for traders and ecosystem participants.
The listing on Kraken provides broader access to XYO, enabling users worldwide to buy, sell, and trade the token with confidence. Known for its robust security, liquidity, and global reach, Kraken offers an ideal platform for expanding the token’s adoption and visibility across diverse markets.
About XYO DePIN Ecosystem
XYO is the foundational asset of the XYO DePIN ecosystem, designed to secure, incentivize, and connect real-world and virtual data in a decentralized manner. It plays a central role in rewarding participants for collecting, validating, and verifying data through the XYO-enabled COIN App, which has turned over 8 million devices worldwide into active data-generating and verifying nodes.
Market Impact & Exchange Portfolio
This Kraken listing adds to XYO’s existing centralized exchange portfolio, which includes Coinbase, KuCoin, MEXC, Bithumb, and Gate.io. The listing comes after XYO reported $8.8 million in revenue for 2024, as disclosed in its SEC filing.
XYO’s previous listing on Bithumb in April resulted in a 50% price increase, demonstrating the significant impact of major exchange listings on token liquidity and trading activity.
Recent Developments
Founded in 2018, XYO is recognized as the first and one of the largest DePIN projects, operating through two entities—a nonprofit foundation and a for-profit company, XL Labs. The company has secured SEC approval for a Regulation A offering and tokenized shares trading on tZERO.
The project’s latest milestone is the launch of XYO Layer One, its own Layer-1 blockchain designed for high-throughput, low-latency real-world data processing. Under the dual-token model, the existing XYO token serves governance and staking functions, while the new XL1 token manages transaction fees and smart contract execution.
XYO Trading Now Live on Kraken
Join millions of traders worldwide and access XYO through one of the most trusted cryptocurrency exchanges
