We’re thrilled to announce that Kraken now supports deposits and withdrawals of Ethereum (ETH) on Polygon!
Polygon is a Layer 2 scaling solution and decentralized application development infrastructure for Ethereum. Polygon increases the transaction throughput for Ethereum-based assets and uses a modular framework to support the execution of interoperable smart contracts.
Check out the Kraken Learn Center guide What is Polygon? or How to buy Polygon (MATIC) to learn more.
Funding
Funding is already live. You can transfer Ethereum (ETH) to your Kraken account by navigating to Funding, selecting ETH and choosing the desired deposit method from the drop-down box (network): Polygon.
Already have ETH (Ethereum) on Polygon and a Kraken account? ⤵️
Here’s what you need to know about the assets:
Ethereum (ETH) is a global, open-source platform for decentralized applications. Ethereum is a marketplace of financial services, games and apps that is trustless, decentralized and secure. ETH is the cryptocurrency powering the Ethereum network. It’s used to pay for transactions, as a store of value or peer-to-peer payment method, or as collateral to generate entirely different crypto tokens that run on Ethereum. Learn how to add ETH to your crypto portfolio with our Learn Center article How to Buy Ethereum (ETH).
Ready to deposit but don’t have a Kraken account yet? Sign up today!
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. 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.
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Source: https://blog.kraken.com/post/18209/eth-deposits-and-withdrawals-available-on-the-polygon-network/
