Karura (KAR) Trading Starts July 20 – Deposit Now
We are excited to announce that Kraken is now supporting Karura (KAR).
- Deposits and withdrawals are now open.
- Trading will begin Tuesday, July 20, at approximately 15:30 UTC.
Note: Trading is not available to residents of the USA, Canada, Australia and Japan.
What is Karura?
Karura is designed to operate as a DeFi hub on Kusama, with the intent to allow developers to create financial applications for its users. Karura is both a layer-1 blockchain platform, in addition to a suite of DeFi applications built on the Karura blockchain.
Karura is expected to host several different functions on its platform:
- Crypto Collateralized Stablecoins – Users can stake KSM in order to receive Karura Dollars (kUSD), which maintain a stable 1:1 value with the U.S. dollar.
- Decentralized Exchange – An automated market maker exchange (AMM) that works similarly to Uniswap, Balancer, or Curve.
- Liquid Staking – Users can stake KSM on Karura and receive LKSM tokens, using the staked crypto in other trading or investing opportunities.
- EVM compatible blockchain – Allows Ethereum decentralized applications (dApps) to run on Karura.
What time will funding and trading start?
Funding is now open. Trading starts Tuesday, July 20, at approximately 15:30 UTC.
Trading pairs for KAR
How to deposit KAR
- Navigate to “Funding” > Select the asset. You can find the asset either by ticking “Show all assets” or by searching “KAR.”
- Click “Deposit” next to the asset and follow the on-screen instructions.
Confirmations required before deposits credit
- 25 (about 4 minutes)
- 5 KAR
Fees and funding minimums
Which services will be available for KAR?
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.