We’re thrilled to announce that Polygon Ecosystem Token (POL) is now available on Kraken!
Funding and trading
POL funding and trading are live. Add POL to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit.
Only deposit POL on Polygon. Deposits using other networks will be lost.
Got POL and a Kraken account?
POL is tradeable on Kraken and Kraken Pro with the following parameters:
| Asset | Pair | Price decimal precision | Minimum order size | Minimum deposit |
| POL | USD, EUR | 5 | 4 | 6.5 |
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).
- Not available in Canada and the United Kingdom
Here’s what you need to know about the token:
Polygon Ecosystem Token (POL) is a multi-chain scaling solution for the Ethereum blockchain. Polygon is a Layer 2 scaling solution for Ethereum that aims to improve the speed and reduce the cost of executing transactions on Ethereum. Polygon uses sidechains to help with off-chain computation while maintaining security and uses a decentralized network of proof-of-stake (PoS) validators. POL is an upgrade and renaming of the MATIC token. Switching to POL token is expected to enhance tokenomics and governance rights, allowing stakeholders greater involvement in decision-making process of Polygon through community initiatives.
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.
Trade with caution
There is no guarantee that a limit order will execute. There is also no guarantee a market order will execute at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.
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
