We’re thrilled to announce that Basilisk (BSX) starts trading on Kraken today!
Funding and trading
Add BSX to your Kraken account by navigating to Funding, selecting Basilisk, and then Deposit. Trading begins today, August 11.
Here’s what you need to know:
Keep an eye on our status page for updates.
Note:
Trading via the Kraken app and instant buy will be available once liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market and orders can be efficiently matched)
What is Basilisk (BSX)?
Basilisk (BSX) is a Kusama-based parachain — a liquidity protocol with a modular, automated market maker (AMM) design. It allows early stage crypto projects to bootstrap liquidity in a fair and efficient manner by choosing the AMM model that best fits their project’s unique use case. BSX is the native token of Basilisk. It is used to propose and vote on referendums and participate in council elections affecting the future direction of the protocol.
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 listing 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 or hold any digital asset or to engage in any specific trading strategy. 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.
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Source: https://blog.kraken.com/post/14981/basilisk-bsx-starts-trading-on-kraken-today-deposit-now/
