We’re thrilled to announce that Kraken now supports Alchemix (ALCX), Barnbridge (BOND), Jasmy (JASMY), Mask Network (MASK), Render (RNDR), Spell Token (SPELL), Tribe (TRIBE) and Universal Market Access (UMA)!
Funding and Trading
Funding is live, and trading will begin on April 1 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).
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Note: Jasmy (JASMY) trading is not available to residents of the United States, Canada and Japan.
Here’s what you need to know about the assets:
Alchemix (ALCX) – Alchemix is an Ethereum-based decentralized finance (DeFi) lending platform. Loans taken out on Alchemix repay themselves over time as the user’s collateral earns yield. The ALCX token can be staked to earn additional ALCX or used to govern the protocol’s development.
Barnbridge (BOND) – BarnBridge is a cross-platform risk-tokenizing protocol, designed to reduce DeFi-related risks such as market volatility and fluctuating interest rates. It allows users to select a risk profile and strategy to suit their trading objectives. BOND is the BarnBridge utility and governance token that lets holders steer future protocol development.
Jasmy (JASMY) – Jasmy aims to decentralize the maintenance and management of sensitive information through the use of ‘personal data lockers’ on the Jasmy network. The JASMY token is the network’s utility token that is used to secure the network and pay for personal data that users send and receive from IoT devices.
Mask Network (MASK) – Mask Network aims to bring the privacy and benefits of Web3 to centralized Web 2.0 social media applications. The Mask open-source browser extension enables users to send cryptographically encrypted messages secured by the Ethereum blockchain and to display their Web 3.0 profiles on platforms like Facebook and Twitter.
Render (RNDR) – The Render Network is a distributed rendering network for GPU compute built on Ethereum. It aims to connect users that require GPU power with node operators who have idle GPU capacity. The RNDR token is used by creators on the network to pay providers for their processing power.
Spell Token (SPELL) – SPELL is a reward token tied to the Abracadabra lending platform on the Ethereum blockchain. SPELL enables users to leverage interest-bearing crypto assets as collateral to borrow Magic Internet Money (MIM) — a USD-pegged stablecoin that can be exchanged for other stablecoins.
Tribe (TRIBE) – TRIBE is the governance token that allows individuals to steer the development of Fei’s decentralized, scalable and DeFi-native algorithmic stablecoin FEI USD. The Fei network’s goal is to be more capital-efficient than fiat-collateralized or crypto-collateralized stablecoin alternatives.
Universal Market Access (UMA) – Universal Market Access is an Ethereum blockchain protocol for creating and trading synthetic assets and decentralized financial products. The protocol’s governance token, UMA, allows holders to vote on upgrades and changes to the project’s development road map.
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.