GFI, KUJI, and POPCAT available for trading!
We’re thrilled to announce that GFI and POPCAT are now available for trading on Kraken. Additionally, we’ve expanded coverage so clients in Belgium, Canada, Ireland, Italy, The Netherlands, Spain, and the United States can now trade KUJI!
Funding and trading
Trading for GFI, KUJI, and POPCAT will be live as of 15:00 PM UTC today, September 19, 2024.
To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’.
Make sure to deposit your tokens using networks supported by Kraken. Deposits made using other networks will be lost.
The new tokens are tradeable on Kraken and Kraken Pro with the following parameters:
| Asset | Pair | Price decimal precision | Minimum order size | Minimum deposit |
|---|---|---|---|---|
| GFI | USD, EUR | 3 | 2.5 | 2.5 |
| KUJI | USD, EUR | 4 | 2 | 2 |
| POPCAT | USD, EUR | 4 | 10 | 11 |
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 some more information about these assets:
GFI – Goldfinch is a decentralized credit protocol with a goal of fostering financial inclusion and bringing credit activity on-chain. It offers unsecured loans to creditworthy borrowers, while also rewarding backers with interest and tokens. The GFI token is used in protocol governance, and is distributed as an incentive to users for participation in the ecosystem.
KUJI – Kujira is a decentralized ecosystem with a focus on providing sustainable solutions for fintech protocols, builders and users. It prioritizes user experience and operational sustainability to democratize access to wealth-building opportunities, and offers a large suite of DeFi products. As the ecosystem’s native token, KUJI is used to pay for network fee and to participate in protocol governance, while also allowing users to earn rewards for helping to secure the network via staking.
POPCAT – A Solana-based coin inspired by the 2020 meme. Like many in this category, Popcat stands out on the strength of its community and popularity of the meme. Its token, POPCAT, can be used to send and receive payments with other Solana users.
Ready to trade but don’t have a Kraken account yet? Sign up today!
Will Kraken make more assets available?
Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here, 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 making available in the future.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any cryptoasset or to engage in any specific trading strategy. Kraken makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply.
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Author: KrakenFX
