Spark Token became a highlight in cryptocurrency bullish run, moreover XRP holders are still confuse about Spark token support on key crypto trading platforms. Majority of XRP token is stored on Binance, Coinbase and Kraken, but still there is no any official statement regarding listing of Flare (Spark Token) from any of these platforms. Recently Binance became the first platform that published an article to support Spark Token airdrop for XRP holders. As Flare network did mentioned that Coinbase is too late to receive Spark token Airdrop, so there is possibility that Coinbase users might not receive tokens.
Flare Network project likely to gaining more popularity as expected, as it enables interoperability with XRP network. As, in the Airdrop section official also mentioned if XRP wallet doesn’t support Airdrop then that user will be receiving free tokens. However, Flare Network has openly asked about their (trading platform’s) response on spark distribution with tweet on official account. As, in that tweet Flare tagged Coinbase, Binance, Bittrex Exchange, Kraken, Bitfinex. As per the report Coinbase is nearly holding more than 3 billion XRP, yet Coinbase is not properly engaging with Flare.
Know more: Spark Token Price Prediction
Kraken come forward with negative reply, responding on twitter account that “we don’t have any plan to support Airdrop or Fork”. Binance now only platform that comes in support of Spark token, but Binance US need to wait little longer. Binance announced listing Spark Token will be following all guideline as per the rules. However, people who own below 10 XRP will not be eligible for airdrop. Full distribution of Spark token expected after project further announcement.
Although Binance has supported Flare Network’s Spark token airdrop they haven’t confirmed that they will list SPARK on their platform. Binance has clearly mentioned in the article related to SPARK airdrop, that like other altcoins available in crypto industry, SPARK token also must go through strict review process to get listed for trading at Binance. Due to this SPARK airdrop deposits/withdrawals of XRP will be on hold for some period on 12th December 2020. Although trading of XRP will remain unaffected during this airdrop.
Flare network published supporting platform that include Bitfinex, WazirX, Bitthumb, Bitrue, BKEX, CoinEx, Coinone, CoinSpot, Crypto.com, etoro, Gate.io, ZB.com, upbit, uphold, Nexo, Probit, Kucoin, Liquid. However, other trading platform confirmation not yet announced, as we will update after official portal list in their supporting list.