We’re thrilled to announce that we’ve prolonged the community protection of POL to incorporate the Polygon Community!
This is a crucial step as we work in the direction of supporting the Polygon crew’s goal of migrating all MATIC to the POL token. To search out out extra about this migration, try our Assist Middle.
Within the coming months, Kraken will routinely migrate purchasers from MATIC to POL on a 1:1 foundation. We’ll present particulars concerning this migration, together with a selected timeline, as soon as out there.
Shoppers even have the power to commerce their MATIC for POL themselves now through the brand new MATIC/POL buying and selling pair, somewhat than wait to be routinely migrated. They will achieve this utilizing Kraken Professional, or through the convert characteristic utilizing the Kraken app.
Funding
Funding for POL on the Polygon Community* is reside as of in the present day, September 4, 2024.
*POL is already out there on Kraken through the Ethereum Community.
So as to add an asset to your Kraken account, navigate to Funding, choose the asset you’re after, and hit ‘Deposit.’
Make certain to deposit your tokens utilizing networks supported by Kraken. Deposits made utilizing different networks shall be misplaced.
The brand new tokens are tradeable on Kraken and Kraken Professional with the next parameters:
| Asset | Pair | Worth decimal precision | Minimal order measurement | Minimal deposit |
|---|---|---|---|---|
| POL | USD, EUR | 5 | 6 | 6.5 |
| MATIC | POL | 5 | 6 | 6.5 |
Be aware:
- POL is now out there to purchasers within the US
- Buying and selling through Kraken App and Instantaneous Purchase shall be out there as soon as the liquidity circumstances are met (when a adequate variety of patrons and sellers have entered the marketplace for their orders to be effectively matched).
Right here’s some extra details about POL:
POL is a multi-chain scaling resolution for the Ethereum blockchain. Polygon is a Layer 2 scaling resolution that goals to enhance the velocity, whereas additionally decreasing the price and complexities, of transactions on its community. Polygon makes use of sidechains to assist with off-chain computation whereas sustaining safety and makes use of a decentralized community of proof-of-stake (PoS) validators. POL is the utility token of the Polygon community and is used for securing the chain by means of staking, taking part in community governance and as a unit of cost for transaction charges on the community.
Able to commerce however don’t have a Kraken account but? Enroll in the present day!
Will Kraken make extra belongings out there?
Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which belongings we’re contemplating. All of Kraken’s out there tokens might be discovered right here, and all future tokens shall be introduced on Kraken’s weblog and social media profiles. Our shopper engagement specialists can’t reply any questions on which belongings we could also be making out there sooner or later.
These supplies are for common data functions solely and are usually not funding recommendation or a advice or solicitation to purchase, promote, stake, or maintain any cryptoasset or to have interaction in any particular buying and selling technique. Kraken makes no illustration or guarantee of any type, specific or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such data and won’t be responsible for any errors, omissions, or delays on this data or any losses, accidents, or damages arising from its show or use. Kraken doesn’t and won’t work to extend or lower the value of any specific cryptoasset it makes out there. Some crypto merchandise and markets are unregulated, and also you will not be protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the cryptoasset markets can result in lack of funds. Tax could also be payable on any return and/or on any improve within the worth of your cryptoassets and you need to search unbiased recommendation in your taxation place. Geographic restrictions could apply.
