We’re thrilled to announce that Kraken now supports deposits and withdrawals of Ethereum (ETH) and Optimism (OP) on Optimism.

Additionally, Optimism (OP) is now available on Kraken!

Funding and trading

Optimism (OP) funding and trading are already live. You can transfer ETH or OP to your Kraken account by navigating to Funding and selecting ETH or OP. From the drop-down menu, you can then select the desired deposit method (network): Optimism.

Got ETH or OP on Optimism and a Kraken account? ⤵️

OP is tradeable on Kraken and Kraken Pro with the following parameters:

Asset	Pair	Asset decimal precision	Minimum order size	Minimum deposit
OP	USD, EUR	4	4	0.5

Note:  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

Ethereum (ETH) is a global, open-source platform for decentralized applications. Ethereum is a marketplace of financial services, games and apps that is trustless, decentralized and secure. ETH is the cryptocurrency powering the Ethereum network. It’s used to pay for transactions, as a store of value or peer-to-peer payment method, or as collateral to generate entirely different crypto tokens that run on Ethereum. Learn how to add ETH to your crypto portfolio with our Learn Center article How to Buy Ethereum (ETH).

Optimism (OP) is a Layer 2 scaling solution implemented on the Ethereum network. It employs a technology known as optimistic rollups to aggregate multiple transactions, thereby alleviating congestion and lowering transaction fees on the Ethereum mainnet. OP is Optimism’s native governance token, which allows OP token holders to participate in decisions regarding the protocol’s future direction, upgrades and parameters.

Ready to deposit but don’t have a Kraken account yet? Sign up today!