There are thousands of cryptocurrencies, and to trade them, you need exchanges. As fiat currencies have Western Union, PayPal and Banks, Exchanges can be used to buy and sell cryptocurrencies. One of the biggest exchanges in the market, Kraken was founded in 2011 by Jesse Powell from the United States of America. It offers trade in up to five fiat currencies, but is deficient in that only 34 cryptocurrencies are offered for trade as of June 13; this is due to the regulatory climate of the US. That does not make it any less of an outstanding exchange platform.
Kraken's addition of the SC/ETH pair on their platform is in focus here, as the pair might be promising. To understand why this pair is considered to be potentially 'interesting' or successful, you would need to know what SC is. There are a lot of cloud storage platforms like Google Drive, Dropbox and so on; what if the crypto universe tapped into that field? Now that's an idea. And that is what SC or Siacoin facilitates; it is token used to facilitate payments on the Sia platform. Sia is a form of digital cloud storage run by blockchain; users can rent out storage space and get paid in SC; and get this, it's relatively cheaper than most cloud storage services.
The SC/ETH pair was announced on Kraken's blog on the 8th of October, 2019 and trading began the next day. Since then, the pair has done quite well, and that is no surprise. Ethereum is popular, being the second most valuable crypto in the market, and SC is based upon a great amount of innovation. Considering SC's use, virtually everyone can take advantage of the cryptocurrency.
Almost everyone makes use of one form of cloud storage or the other, and in this new age of cryptocurrency and blockchains, adding a platform that allows users utilize cryptocurrency to store their data online is a brilliant idea. Although SC price is quite low, if SC continues its cheap price for offering services, it will rise considerably.
I am hearing of kraken for the first time