Digital Assets: Kraken Now Supports Trading for (FET), THORchain (RUNE)

The team at digital asset firm Kraken is pleased to confirm that their platform now supports crypto trading with (FET) and THORchain (RUNE).

As noted in an update from Kraken, funding is now live, and trading that started on May 6 at “approximately 14:30 UTC.” You may continue to keep an eye on the status page for more updates, the company wrote in a blog post.

You may also choose to add these digital tokens to your Kraken account “by navigating to Funding, selecting the asset, and hitting Deposit.” Deposits are “near-instant,” the company claims.

And all tokens “are tradeable against USD and EUR on Kraken and the Kraken Pro interface.”

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).”

According to Kraken, here is what you need to know about the digital assets: (FET) – “is building a decentralized machine learning platform that enables anyone to share or exchange data.”

Fetch aims “to create a new digital economy where people can bypass centralized aggregators by using software agents known as autonomous economic agents (AEAs).”

The FET token “empowers users to pay for data requests on the network, vote on upcoming proposals and earn staking rewards.”

THORchain (RUNE) – THORChain aims “to decentralize cryptocurrency liquidity via a network of public THORNodes, which bond capital to secure the network.” It offers “a range of additional ecosystem products, such as wallets, aggregator tools and network explorers.” RUNE is used “to swap tokens, pay network fees and help secure the THORchain network.”

As always, Kraken confirmed that they plan to list more crypto-assets. However, the company reminded users that 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 via their official website, and “all future tokens will be announced on Kraken’s blog and social media profiles.” Their client engagement specialists “cannot answer any questions about which assets we may be listing in the future.”

As noted in the update, there is “no guarantee that a limit order will execute.” There is also “no guarantee of executing at a certain price for a market order,” Kraken’s management clarified while adding that the availability and liquidity of the particular digital asset “will impact these types of orders.”

As always, the firm also noted that “listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network.” So you should do your own research and “invest at your own risk.”

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