Trading for CVX, FXS, MULTI, POWR,  PLA, QNT, RBC, RARE, TOKE Starts March 29  – Deposit Now!

Trading for CVX, FXS, MULTI, POWR, PLA, QNT, RBC, RARE, TOKE Starts March 29 – Deposit Now!

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We’re thrilled to announce that Kraken now supports Convex Finance (CVX), Frax Share (FXS), Multichain (MULTI), Powerledger (POWR), PlayDapp (PLA), Quant (QNT), Rubic (RBC), SuperRare (RARE) and Tokemak (TOKE)!

Funding and Trading

Funding is live, and trading will begin on March 29 at approximately 15:30 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).

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

Asset Price precision  Minimum deposit
CVX 2 0.5 CVX
FXS 3 0.8 FXS
PLA 4 20 PLA
QNT 2 0.12 QNT
RBC 5 100 RBC

Note: Tokemak (TOKE) trading is not available to residents of the United States, Canada, Australia and Japan.

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

Convex Finance (CVX) – Convex, which aims to provide additional rewards and reduced trading fees, is a protocol built on Curve, allowing users to access ‘boosted CRV staking’.. The CVX token is the Convex protocol’s native token which allows holders to vote on yield earning strategies.

Frax Share (FXS) – Frax is the first fractional-algorithmic stablecoin, which combines crypto collateral and algorithmic mechanisms to deliver a coin that remains pegged to the value of the dollar. It operates entirely on-chain, is governed by its community, and sources its data from oracles such as Chainlink and Uniswap.

Multichain (MULTI) – Formerly known as Anyswap, Multichain is a cross-chain router protocol (CRP) which provides interconnected infrastructure for dozens of widely used public blockchains. It allows users to exchange assets across chains with low fees.

Powerledger (POWR) – Powerledger is a clean energy technology company building systems that distribute and decentralize energy markets. It has developed a blockchain-based platform that enables the tracking and trading of energy, flexibility services and environmental commodities. POWR coin acts as a derivative for the underlying renewable energy supply on the Powerledger network.

PlayDapp (PLA) – PlayDapp aims to empower gamers to truly own their in-game assets while earning rewards for participating in the ecosystem. All PlayDapp games are interoperable with each other and use characters and items that can be traded on the platform’s customer-to-customer (C2C) marketplace.

Quant (QNT) – Quant provides an open API gateway called Overledger to help businesses connect their systems to leading blockchain distributed ledger networks (DLTs). Quant helps create multi-chain decentralized applications (mApps) to unite different blockchain ecosystems. The QNT token is used by developers to create and host applications within the Quant ecosystem.

Rubic (RBC) – Rubic is a protocol that allows users to enjoy a range of functions such as multi-chain swaps and same-chain swaps. It aims to become a one-stop solution for decentralized trading. The RBC token is the ecosystem’s utility token.

SuperRare (RARE) – SuperRare is an Ethereum-based digital art market with an emphasis on single-edition NFTs and artist curation. The RARE token allows the community to vote on governance of the SuperRare network, electing operators responsible for onboarding new artists and marketing their work. 

Tokemak (TOKE) – Tokemak aims to deliver sustainable DeFi liquidity and capital-efficient markets with a decentralized market-making protocol.

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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