We’re thrilled to announce that we’ve prolonged the community protection of POL to incorporate the Polygon Community!
This is a vital step as we work in direction of supporting the Polygon workforce’s goal of migrating all MATIC to the POL token. To seek out out extra about this migration, try our Assist Middle.
Within the coming months, Kraken will mechanically migrate shoppers from MATIC to POL on a 1:1 foundation. We’ll present particulars concerning this migration, together with a selected timeline, as soon as accessible.
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 mechanically 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 at the moment, September 4, 2024.
*POL is already accessible 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.’
Be 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 | Value decimal precision | Minimal order dimension | Minimal deposit |
|---|---|---|---|---|
| POL | USD, EUR | 5 | 6 | 6.5 |
| MATIC | POL | 5 | 6 | 6.5 |
Notice:
- POL is now accessible to shoppers within the US
- Buying and selling through Kraken App and On the spot Purchase shall be accessible as soon as the liquidity situations are met (when a enough 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 lowering the fee 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 via staking, collaborating 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 at the moment!
Will Kraken make extra property accessible?
Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which property we’re contemplating. All of Kraken’s accessible tokens may be discovered right here, and all future tokens shall be introduced on Kraken’s weblog and social media profiles. Our shopper engagement specialists can not reply any questions on which property we could also be making accessible sooner or later.
These supplies are for common data functions solely and aren’t funding recommendation or a suggestion 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, categorical or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such data and won’t be accountable 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 accessible. Some crypto merchandise and markets are unregulated, and also you might 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 enhance within the worth of your cryptoassets and you need to search unbiased recommendation in your taxation place. Geographic restrictions could apply.
