We’re thrilled to announce that Kraken now supports Euler (EUL) and Wrapped Axelar (WAXL)!
Funding and Trading
Funding is live, and trading will begin on December 15 at approximately 14:30 UTC.
You can add these tokens to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Deposits require 70 confirmations (~14 minutes) for both tokens.
Both tokens are tradeable against USD and EUR on Kraken and the Kraken Pro interface 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).
Here’s what you need to know about the assets:
Euler (EUL)
Euler is a decentralized protocol that allows users to borrow and lend digital assets. The protocol enables the permissionless listing of assets on the platform and facilitates leveraged trading positions. EUL is the native token of the protocol which is used to vote on decisions that affect the future of the project.
Wrapped Axelar (WAXL)
Axelar is a blockchain infrastructure designed to facilitate cross-chain communication. The network bridges blockchain ecosystems and allows developers to connect decentralized applications (dApps) that exist on different blockchains. AXL is the native token of the project which is used to pay for network transaction fees, vote on decisions that affect the future of the platform, earn rewards for securing the protocol via staking and incentivize contributors to the ecosystem.
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 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.
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Source: https://blog.kraken.com/post/16620/trading-for-eul-and-waxl-starts-december-15-deposit-now/
