The team at digital asset platform Kraken notes that they’re pleased to announce that Kraken now supports Kintsugi (KINT).
Funding and trading for the Kintsugi (KINT) token is live (as of January 6, 2022), and trading will “begin shortly.” You may keep an eye on the status page for more updates from Kraken.
You may start adding KINT to your Kraken account by “navigating to Funding, selecting the asset, and hitting Deposit,” the update noted while adding that deposits “require 25 confirmations.”
KINT will be “tradable against USD and EUR, with a price precision of 2 decimal places,” the announcement confirmed.
(Note: Trading is “not available to residents of the USA, Canada, Australia and Japan.”)
What is Kintsugi?
As explained in a blog post by Kraken, Kintsugi is “a decentralized network that allows users to create kBTC – a 1:1 Bitcoin-backed asset – in a trustless and decentralized manner.” Kintsugi’s kBTC “brings bitcoin to Kusama to kick-start liquidity for parachains like Karura, Shiden and Moonriver,” the update explained while noting that the KINT token is “used in Kintsugi’s governance.”
Which services will be available for KINT?
Kraken and Kraken Terminal will be “available for KINT. Kraken Futures and Margin Trading won’t be available at launch,” the announcement confirmed.
Will Kraken list more assets?
Yes, the company noted but their policy is to “never reveal any details until shortly before launch – not even which assets we are considering.” All of Kraken’s listed tokens are available on their website, and all future tokens will be “announced on Kraken’s blog and social media profiles,” the firm noted while confirming that their client engagement specialists “cannot answer any questions about which assets we may be listing in the future.”
Kraken reminds users to trade and invest with caution.
The company also mentioned that limit orders are “recommended when trading starts since the markets may be illiquid initially.” They also advised that we need to be “extremely careful with market orders and orders that trigger market orders (e.g. stop loss).”
As always, Kraken clarified that “listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network.” Do your own research and “invest at your own risk,” the team at Kraken advised.
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