Trading for BNC, FIDA and OGN Starts Now For USA and CA! – Kraken Blog

trading-for-bnc,-fida-and-ogn-starts-now-for-usa-and-ca!-–-kraken-blog

Following Kraken’s listings of Bifrost (BNC), Bonfida (FIDA), and Origin Protocol (OGN) for most countries, Kraken is excited to announce the availability of these tokens for residents of the United States and Canada!

Funding and Trading

Funding and trading are live. Keep an eye on the status page for updates.

You can add these tokens to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Deposits require 20 confirmations (~5 minutes) for all, except for FIDA (which are near-instant). 

All tokens are tradeable on Kraken and the Kraken Pro interface with the following minimum deposits and currency pairs available:

Asset Minimum deposit Price precision
BNC 0.5 BNC 2
FIDA 0.1 FIDA 3
OGN 25 OGN 4

Here’s what you need to know about the assets:

Bifrost (BNC) – Bifrost provides staking liquidity to anyone accessing its network. This means token holders can stake any cryptocurrency, such as DOT or ETH, on the Bifrost platform and receive a vToken (vDOT or vETH) of equal value in return. vTokens can then be used to access decentralized finance applications while still allowing users to receive staking rewards on their original crypto assets. 

Bonfida (FIDA) – Bonfida is a decentralized application built on the open-source Serum trading protocol, powered by the Solana blockchain. Bonfida uses APIs to offer a more complete trading interface with additional features and charting views. FIDA can be used to pay for transaction fees, earn staking rewards or to gain access to exclusive Bonfida features.

Origin Protocol (OGN) – Origin Protocol is an online marketplace built on Ethereum where anyone can share goods, services, and most notably, non-fungible tokens (NFTs). Holders of the Origin Tokens (OGN) can stake them and vote on the rules that influence the future direction of the network.

Will Kraken list more assets?

Yes! But our policy is to never reveal any details until shortly before launch – not even which assets we are considering. All of Kraken’s listed tokens are available on our website, 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 of executing at a certain price for a market order. The availability and liquidity of the particular digital asset will impact these types of orders.

Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.

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