New OTC Portal pairs available for ETH, INJ and SOL
Now available to trade via RFQ within the OTC Portal:
| Base asset | Pair |
| ETH | BTC |
| INJ | USD |
| SOL | BTC, ETH |
Here’s what you need to know about ETH, INJ and SOL:
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.
Injective (INJ) is a decentralized exchange (DEX) that offers various features such as cross-chain margin trading, derivatives and forex futures trading. Built on the Cosmos blockchain, a Layer 2 application, Injective uses bridges to offer cross-chain capabilities for traders to trade across other networks. The exchange is operated by the INJ token, Injective’s native cryptocurrency, which is used by makers and takers to pay for transaction fees on its network.
Solana (SOL) is a blockchain platform aimed at improving user scalability. Solana is a blockchain platform that aims to increase user scalability through faster transaction settlement times and a flexible infrastructure. The SOL cryptocurrency plays a key role in maintaining and operating the Solana ecosystem and is used to execute smart contracts, send transactions, and incentivize actors that support the network.
Who can trade via RFQ?
Kraken OTC’s RFQ system is available to OTC clients. To onboard to Kraken OTC, you must be a Pro-verified Kraken client. Once this step is complete, reach out to the OTC desk to get started.
Existing institutional clients can speak with their Account Manager to onboard to Kraken OTC.
What is Kraken OTC?
Kraken OTC offers premium trading services to execute orders over $100,000 off the open exchange. OTC clients gain 24/7 access to deep liquidity and competitive execution and settlement services whether trading over chat or our RFQ system.
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 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
