Digital Asset Firm Kraken Announces Trading Support for BNC, FIDA and OGN Tokens for US, Canada

Following Kraken’s listings of Bifrost (BNC), Bonfida (FIDA), and Origin Protocol (OGN) for most countries, the digital asset firm is pleased to announce “the availability of these tokens for residents of the United States and Canada.”

Funding and trading are now live. You may keep an eye on the status page for updates, the team at Kraken noted in a blog post.

You nay also add these crypto tokens to your Kraken account “by navigating to Funding, selecting the asset, and hitting Deposit.”

Deposits “require 20 confirmations (~5 minutes) for all, except for FIDA (which are near-instant).”

All tokens “are tradeable on Kraken and the Kraken Pro interface” (more details here).

Bifrost (BNC) – Bifrost “provides staking liquidity to anyone accessing its network.” This means token holders can “stake any cryptocurrency, such as DOT or ETH, on the Bifrost platform and receive a vToken (vDOT or vETH) of equal value in return.” vTokens can then be “used to access decentralized finance applications while still allowing users to receive staking rewards on their original crypto assets.”

Bonfida (FIDA) – Bonfida is “a decentralized application built on the open-source Serum trading protocol, powered by the Solana blockchain.” Bonfida uses APIs “to offer a more complete trading interface with additional features and charting views.” FIDA can be used “to pay for transaction fees, earn staking rewards or to gain access to exclusive Bonfida features.”

Origin Protocol (OGN) – Origin Protocol is “an online marketplace built on Ethereum where anyone can share goods, services, and most notably, non-fungible tokens (NFTs).” Holders of the Origin Tokens (OGN) can “stake them and vote on the rules that influence the future direction of the network.”

Kraken also noted 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 on our 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.”

The availability and liquidity of the particular digital asset “will impact these types of orders.”

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.”

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