We’re thrilled to announce that Beam (BEAM) is now available on Kraken!
Important: Kraken will not be supporting the migration of MC tokens to BEAM. If you hold MC tokens and wish to migrate them, please follow the instructions provided in this tutorial and FAQ: Beam Token Migration Tutorial and FAQ.
Alternatively, you can directly access the migration tool at Merit Circle Migration Portal.
Funding and trading
Funding for BEAM is live and trading will begin on April 11. Add BEAM to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit.
Only deposit BEAM on Ethereum. Deposits using other networks will be lost.
Got BEAM and a Kraken account? ⤵️
BEAM is 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).
Not available in and Canada
Here’s some more information about the token:
Beam (BEAM) is a gaming-focused blockchain by Merit Circle (MC), aiming to innovate in game development, player experiences, and asset trading. It allows for seamless cross-chain transfer of game assets as omnichain NFTs. BEAM allows users to pay for blockchain transaction fees and also serves as a governance token.
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.
Trade with caution
There is no guarantee that a limit order will execute. There is also no guarantee a market order will execute at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.
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 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/trading-for-beam-beam-starts-april-11-deposit-now
