Trading for BTT, DENT, KEY and UNFI Starts July 1 – Deposit Now! – Kraken Blog

trading-for-btt,-dent,-key-and-unfi-starts-july-1-–-deposit-now!-–-kraken-blog

We’re thrilled to announce that Kraken now supports Bittorent (BTT), Dent (DENT), SelfKey (KEY) and Unifi Protocol DAO (UNFI)!

Funding and Trading

Funding is live, and trading will begin on July 1 at approximately 14:30 UTC. 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 BTT (under 2 minute).

All tokens are tradeable against USD and EUR on Kraken and the Kraken Pro interface with the following price precisions and minimum deposits:

Asset Pair Price Decimal Precision Minimum Order Size Min Deposit
BTT USD, EUR 10 5,000,000 200,000
DENT USD, EUR 7 5,000 6,000
KEY USD, EUR 6 1,000 1,400
UNFI USD, EUR 3 2 4

Note:

  • This is the TRC20 version of BTT (BitTorrent).
  • Trading is not available to residents of Japan.
  • 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:

BitTorrent (BTT)

BitTorrent is a peer-to-peer (P2P) file sharing and torrenting platform which allows users to directly exchange files between themselves, rather than uploading/downloading files from a single server. The BTT token monetizes these activities — allowing users to earn BTT for sharing files or spend BTT to enjoy faster download speeds.

Dent (DENT)

Dent is a blockchain-based digital mobile operator and data exchange with a suite of products and services including eSIM cards and wireless data plans. Dent offers access to international data packages through its peer-to-peer network of buyers and sellers. DENT is the token that powers the platform and is used to transact on the Dent Exchange.

SelfKey (KEY)

SelfKey is a blockchain-based self-sovereign identity system providing self-management of digital identities to users. SelfKey provides organizations and individuals with complete ownership over their own digital identity, empowering them to take control of their online privacy. The KEY token powers the SelfKey platform, granting holders access to the network and acting as a form of payment for services provided by SelfKey.

Unifi Protocol DAO (UNFI)

Unifi Protocol is a decentralized finance (DeFi) platform with a suite of products for cross-chain trading and staking. The Unifi Protocol DAO allows users to develop multiple unique DeFi solutions within a single marketplace. UNFI is the governance token for the protocol and can be staked for rewards on the protocol’s governance dashboard.

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.


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 crypto assets and you should seek independent advice on your taxation position.

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