San Francisco-based virtual currency exchange Kraken opened up six new trading pairs for the Augur Reputation Tokens (REP) today: REP/XBT, REP/ETH, REP/EUR, REP/USD, REP/CAD, REP/JPY. Kraken also said in their statement that margin trading for REP pairs will be available in the near future.
Augur is essentially a decentralized prediction market built on top of the Ethereum blockchain network. The idea behind the Augur platform is that the collective “wisdom” of the crowd is superior to that of any individual or expert.
“Prediction markets have proven to be more accurate at forecasting the future than individual experts, surveys or traditional opinion polling.”
The REP tokens began trading on Poloniex yesterday, with ShapeShift.io - an automated digital currency exchange based in Switzerland - announcing integration of REP via Twitter today.
NEW ADDITIONS: We have added Augur (REP) & SingularDTV (SNGLS). Buy/sell REP & SNGLS instantly. No account needed! https://t.co/FHGmt907Db— ShapeShift.io (@ShapeShift_io) October 5, 2016