We’re thrilled to announce that AUCTION, CPOOL, KMNO, PRCL, PRIME, TURBO, ZEX, and ZK are all now available on Kraken!
Funding and trading
Trading for all 8 assets will be live as of 17:00 PM UTC today, August 13th, 2024.
To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’.
Make sure to deposit your tokens into the networks supported by Kraken. Deposits made using other networks will be lost.
The new tokens are tradeable on Kraken and Kraken Pro with the following parameters:
Note: Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched).
KMNO, PRCL, and ZEK are not available in Canada or the US.
Here’s some more information about these 8 assets:
AUCTION – Bounce is an ‘Auction-as-a-Service’ suite which provides the infrastructure for users to build and manage decentralized auctions. Supporting a range of auction formats, as well as both digital and physical asset applications, Bounce offers a no-code tool for deploying auctions in a permissionless setting. The AUCTION token can be staked for rewards, used as payment in Bounce Marketplaces, or as a governance token that allows holders to vote on decisions that influence the development of the protocol.
CPOOL – Clearpool is a decentralized credit trading marketplace, offering unsecured loans to vetted institutions. By lending crypto, users can earn risk-adjusted interest with no lockup period. The CPOOL token acts as both a utility and governance token — allowing users to earn yields by staking and to share opinions on governance.
KMNO – Kamino is a DeFi suite based on the Solana blockchain. As well as providing borrowing and lending functionality, its Vaults enable users to long/short assets, earn fees by deploying liquidity to DEXs, and leverage their exposure to assets. KMNO is Kamino’s governance token, which empowers holders to participate in the protocol’s DAO.
PRCL – Parcl is a decentralized perpetuals futures exchange with a focus on real estate synthetics. Its City Indexes aggregate real estate value within a given area, allowing users to speculate on median price per square foot (or square meter) across global markets. The PRCL token is used in protocol governance, and may later be used to gate real estate data.
PRIME – Echelon is a play-to-earn gaming stack that enriches the gaming experience by integrating blockchain features. Currently, its integration in the Parallel trading card game allows users to use and earn its token, PRIME, in a sci-fi-themed TCG. The PRIME token unlocks access to gated products, services and experiences within the ecosystem.
TURBO – Turbo is a memecoin, born out of an experiment where ChatGPT was asked to create ‘the next great memecoin’ with a budget of $69. The project prides itself on a community-driven roadmap, a renounced smart contract, and zero buy/sell taxes. TURBO is an Ethereum blockchain-based token, which can be held, sent and received by users with Ethereum crypto wallets.
ZEX – Zeta Markets is a decentralized perpetuals exchange on the Solana blockchain. Emphasizing user experience and security, it boasts an on-chain limit orderbook, cross-margin leverage of up to 10x, and full self-custody of assets. The ZEX token doubles as both a utility and a governance token, allowing holders to earn rewards, submit proposals, and vote on future upgrades to the protocol.
ZK – ZKSync is a zero-knowledge (ZK) rollup Layer 2 protocol that enables cheap, rapid transactions which aren’t limited by the constraints of the base chain. Leveraging validity proofs to inherit Ethereum’s security, it seeks to replicate the Ethereum experience with better UX, all in a trustless setting. ZK is the protocol’s governance token, ensuring that decision-making remains decentralized.
Ready to trade but don’t have a Kraken account yet? Sign up today!
Will Kraken make more assets available?
Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any cryptoasset or to engage in any specific trading strategy. Kraken makes no representation or warranty of any kind, express or implied, as to the
accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply.
Source: https://blog.kraken.com/product/asset-listings/8-new-tokens-available-for-trading
