Bifrost (BNC) Trading Starts October 26 – Deposit Now
We’re thrilled to announce that Kraken now supports Bifrost (BNC)!
- Deposits and withdrawals are available starting now.
- Trading will begin October 26 at approximately 15:30 UTC.
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Clients who contributed to Bifrost’s Parachain Auction on Kraken have now received BNC rewards in their Kraken account. Get full details on the rewards distribution on our Support Center.
Note: Trading is not available to residents of the USA, Canada, Australia and Japan.
What is Bifrost?
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 of equal value (vDOT or vETH), allowing them to access decentralized finance applications while still receiving staking rewards.
Will I receive BNC for contributing to the auction?
What time will funding and trading start?
Deposits and withdrawals are live! Trading starts on October 26, at approximately 15:30 UTC.
Trading pairs for BNC
- BNC/USD
- BNC/EUR
How to deposit BNC
- Navigate to Funding and click on Deposit. You can find the asset either by locating it in the list or by searching for “BNC.”
- Click “Deposit” next to BNC and follow the on-screen instructions.
Confirmations required before deposits credit
- 25 (about 4 minutes)
Trading minimums
- 1 BNC (price precision $0.01 / €0.01)
Fees and funding minimums
Which services will be available for BNC?
Available
Not (yet) available
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
Limit orders are recommended when trading starts since the markets may be illiquid initially. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss).
Invest with caution
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.
