Kraken Lists Quai Network (QUAI) on April 8 as Price Trades 91% Below ATH

Kraken Lists Quai Network (QUAI) on April 8 as Price Trades 91% Below ATH

Kraken confirmed QUAI trading begins April 8, giving Quai Network its first regulated U.S. exchange access and fiat on-ramp at a price point 91% below the February 2025 all-time high.

TLDR

  • Kraken’s verified @krakenlistings account confirmed QUAI trading starts April 8, 2026.
  • The listing is classified under “Chains,” indicating full blockchain-level integration on Kraken.
  • QUAI is a Proof-of-Work Layer 1 merged-mined alongside Bitcoin and Litecoin, claiming 50,000+ TPS.
  • Price sits at approximately $0.030 to $0.033 as of April 7, with a market cap between $30M and $32M.
  • The token recorded an all-time high of $0.3634 in February 2025 and has declined 91% from that level.
  • The listing adds Kraken’s fiat deposit infrastructure to an asset previously accessible only via crypto-to-crypto pairs.

Kraken Confirms QUAI Listing for April 8

Kraken crypto exchange is set to list Quai Network (QUAI) on April 8, marking the first major regulated exchange access for the Proof-of-Work Layer 1 project. The listing comes as QUAI trades more than 90% below its all-time high, raising questions about whether new liquidity access produces a sustained price recovery.

According to the official announcement from Kraken’s verified @krakenlistings account, published April 7 and reposted by the parent @krakenfx account, trading opens April 8 with a direct link to kraken.com/sign-up. The post confirmed the network description, trading date, and official Kraken branding in a single public statement.

Kraken’s asset roadmap places QUAI under the “Chains” category alongside MegaETH. That classification signals a protocol-level blockchain integration, distinct from standard token listings added onto pre-existing supported networks.

What Quai Network (QUAI) Is

Quai Network is an EVM-compatible Proof-of-Work Layer 1 built around a consensus mechanism called Proof-of-Entropy-Minima, or PoEM. According to Quai Network’s technical documentation, PoEM eliminates block contention by giving every node a deterministic selection method for the canonical chain, removing fork conditions present in standard PoW systems.

The network runs 13 blockchains in parallel: one Prime chain, three Region chains, and nine Zone chains. Zone chains produce blocks approximately every 10 seconds. Combined throughput exceeds 50,000 transactions per second without Layer 2 dependency.

Source: QUAI Network

Quai is merged-mined. Miners secure Quai’s chains using the same hardware already deployed for Bitcoin and Litecoin, requiring no separate mining infrastructure.

Dual Token Architecture

Quai Network operates two native tokens with separate functions and emission models.

QUAI uses an account-based model compatible with the Ethereum Virtual Machine. It supports smart contracts and decentralized applications with logarithmic emission, reducing issuance as the network scales.

QI operates on a UTXO model with fixed denominations and linear emission tied to mining difficulty. Quai Network positions QI as an energy-backed unit of account. Miners select which token to receive per block and convert between the two at a protocol-set rate.

QUAI Market Data as of April 7, 2026

QUAI is trading at $0.03209 per CoinMarketCap and $0.03221 per CoinGecko at the time of publication, reflecting a 22.65% price appreciation over the prior 24 hours. The 24-hour range sits between $0.02549 and $0.03582 per CoinGecko data.

Market capitalization stands at $31.85M on CoinMarketCap and $31.57M on CoinGecko. The divergence reflects differences in circulating supply calculations between the two platforms. CoinMarketCap records a circulating supply of 782.48M QUAI against a total supply of 979.94M QUAI with no stated maximum supply.

The 24-hour trading volume reached $482,400 on CoinMarketCap and $486,305 on CoinGecko, a 169.58% volume increase over the prior 24-hour period per CoinMarketCap. The fully diluted valuation stands at $31.45M. The all-time high of $0.3634 was recorded in February 2025. At current prices, QUAI trades approximately 91% below that level.

QUAI Live Market Data

Why This Listing Matters

QUAI has traded exclusively on MEXC, LBank, and BitKan since launch, all of which operate primarily crypto-to-crypto pairs. Kraken introduces the first fiat on-ramp for the asset, supporting bank wire transfers, ACH deposits, and card purchases in supported jurisdictions.

The liquidity gap is significant. A 24-hour volume of under $300,000 on a $28M market cap asset produces wide bid-ask spreads and limited order book depth on either side of the market. Kraken’s participant base directly addresses that structural constraint.

Kraken’s listing criteria require assets to pass legal, compliance, engineering, and business review. Clearance under that framework adds a layer of institutional credibility that unlisted assets do not carry, which factors into the due diligence process for regulated capital allocators.

Network Position

Quai occupies a narrow technical category: scalable, EVM-compatible, Proof-of-Work Layer 1 blockchains. The majority of high-throughput Layer 1 projects operate on Proof-of-Stake consensus. Quai’s architecture makes the case that PoEM with workshares reaches Nash equilibrium, closing the selfish-mining incentive that affects standard PoW chains.

The network targets both retail users and AI agents, with its subnet architecture designed to add Zone chains horizontally as transaction demand increases. Parachains inherit Quai Network security through merged mining without bootstrapping independent consensus from zero.

The Kraken listing does not alter network fundamentals. It expands distribution and market accessibility to a broader participant base.

What Happens Next

New listings on Kraken have historically generated volume expansion on day one as participants who lacked prior access enter the market for the first time. That activity has normalized within days in comparable past listings, with price trajectory then determined by organic adoption, developer output, and broader market conditions.

For QUAI specifically, the post-listing volume profile matters more than the opening day movement. Sustained order book depth requires sustained user interest. At a market cap under $35M with thin prior exchange coverage, the asset enters Kraken’s platform with room for liquidity growth but no structural guarantee of it.

Traders should wait for the official go-live confirmation from @KrakenPro on X before depositing QUAI. Per Kraken’s own roadmap terms, deposits made before the official announcement carry the risk of permanent fund loss.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency markets are volatile, and readers should conduct their own research before making financial decisions.

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