Poloniex, KuCoin will support XRP’s Flare Network snapshot and airdrop

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Quick grip:

  • Crypto Exchanges of Poloniex and KuCoin Announced Their Support for Flare Networks Snapshot and Airdrop
  • KuCoin and Poloniex join Binance to support the event
  • Coinbase has yet to provide any information regarding snapshot and subsequent airdrop support

The two crypto exchanges of Poloniex and KuCoin have announced their support for the Flare Networks snapshot on December 12 and the subsequent release of Spark Token which will be announced later.

In the case of KuCoin, the exchange will suspend deposits and withdrawals at 06:00 (UTC + 8) on December 12th. This will provide a 2 hour window before the snapshot is taken at 08:00 UTC + 8 (or 00:00 UTC) on the same day.

Poloniex has announced their support for the snapshot event, but the team has yet to clarify when or if they will suspend XRP deposits and withdrawals early. However, they promised to provide updates in the following days.

Coinbase is unlikely to support the Flare Networks snapshot

Poloniex and KuCoin join Binance to make an official announcement regarding their support for the Flare Networks snapshot. The Flare Networks team also informed the XRP and crypto communities that Coinbase has yet to provide feedback on the snapshot. They added that it is highly unlikely that Coinbase will have enough time to prepare for next month’s event.

Of the big exchanges, the only one Flare hasn’t had meaningful conversations with is @coinbase. At this point it is unlikely that they will have enough time to undertake the work necessary to support the deployment.

Where to join the XRP Flare Networks snapshot

XRP traders and investors now have a list of reputable cryptocurrency exchanges to choose from when participating in the December 12 snapshot. According to the Flare Networks website, the following exchanges and crypto platforms are safe for XRP investors to attend the event.

Exchanges: AltCoinTrader, AnchorUSD, Binance, bit4you, BitBay, bitbns, Bithumb, bitrue, Bitstamp, btc markets, Celsius, Coinfield, Coinone, CoinSpot, Crypto.com, eToro, eToroX, FobleGate, GateHub, GOPAX, korbit, KuCoin, Liquid, NDA .IO, NEXO, Poloniex, Probit, Tokens.net, UpBit, Uphold, YouHodler.com, ZB.com

Wallets: Cobo Wallet, Exodus, Guarda, Ledger, XUMM, DCENT, Ellipal, Gatehub, SafePal, MetMask (for those who wish to perform the procedure manually)

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