We’re thrilled to announce that Kraken now supports Elrond (EGLD), Harvest Finance (FARM), Stafi Protocol (FIS), Ampleforth Governance Token (FORTH), Gitcoin (GTC), Liechtenstein Cryptoassets Exchange (LCX), MXC (MXC), NEAR Protocol (NEAR) and Swipe (SXP)!
Funding and Trading
Funding is live, and trading will begin on June 16 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 EGLD and NEAR (under 2 minutes).
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- EGLD and NEAR are the native tokens of the Elrond and NEAR Protocol blockchains.
- Trading is not available to residents of Japan.
- Harvest Finance (FARM) trading is not available to residents of the United States, Canada and 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:
Elrond is a scalability focused blockchain network that is building a new internet economy. The network utilizes a blockchain scaling approach called sharding to split the network into smaller pieces in order to address the latency issues that have affected other blockchains as they grow. EGLD is Elrond’s native token, which allows users to pay for network transaction fees and to earn rewards for helping to secure the network via staking. Check out the Kraken Learn Center guide, What is Elrond? to learn more.
Harvest Finance (FARM)
Harvest Finance is a decentralized finance (DeFi) platform and automated yield farm. Harvest Finance stakes user tokens en masse, auto-compounding them for improved returns. The FARM token allows holders to vote on the direction of the protocol and can also be used to provide liquidity to the platform.
Stafi Protocol (FIS)
Staking Finance or StaFi is one of the first DeFi protocols to unlock the liquidity of staked assets. Users can stake their Proof-of-Stake tokens and receive equivalent amounts of rTokens (reward tokens). Users can trade these rTokens on decentralized exchanges and also use them to earn staking rewards. FIS is the governance token for the StaFi protocol and helps to secure the StaFi ecosystem through staking.
Ampleforth Governance Token (FORTH)
Ampleforth is the first rebasing cryptocurrency. AMPL follows the value of the U.S. Dollar by changing the circulating supply of AMPL on a daily basis. FORTH is the governance token of the Ampleforth protocol. FORTH holders can vote on changes to the Ampleforth protocol and influence the direction of the platform.
Gitcoin is a community focused blockchain project and quadratic funding solution laying out the future infrastructure of Web3. Gitcoin plans to fund and provide support to Web3 developers building the decentralized internet. GTC is Gitcoin’s governance token, which lets holders vote in the GitcoinDAO and help plan the future of the platform.
Liechtenstein Cryptoassets Exchange (LCX)
Liechtenstein Cryptoassets Exchange is a cryptocurrency trading platform offering advanced trading tools, token sales and security token offerings. LCX also offers a decentralized exchange aggregator that allows users to compare and execute trades across multiple platforms from a single interface. The LCX token can be used to pay for services offered, such as LCX terminal subscriptions, custodial services and exchange transactions.
Machine eXchange Protocol (MXProtocol) is building a decentralized global network of devices that enables a more efficient transfer of data around the world. MXProtocol uses the distributed architecture of blockchain to create data-sharing efficiencies across internet of things (IOT) networks. MXC tokens allow users to pay for network transaction fees and earn rewards for helping to secure the network via staking.
Swipe offers a technical infrastructure for payment networks including credit card providers, fintech services and cryptocurrency-linked debit cards. By offering a robust set of APIs, businesses are able to offer fully customized and compliant cryptocurrency offerings within their traditional financial products. SXP is used to pay for transaction fees across the various Swipe product offerings.
Near Protocol (NEAR)
NEAR Protocol is a Proof-of-Stake layer-one blockchain with support for smart contracts. Using a technique called sharding to overcome scalability challenges, it aims to provide a user-friendly platform for decentralized apps (dApps). The NEAR cryptocurrency allows users to pay fees for transactions, run applications and pay for storage. Check out the Kraken Learn Center guide, What is NEAR Protocol? to learn more.
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.