Digital Assets: Kraken Adds Trading Support for CVC, RAD, SUPER Tokens

The team at Kraken is pleased to confirm that the crypto trading platform now supports Civic (CVC), Radicle (RAD) and SuperFarm (SUPER).

As confirmed in the update, funding is live, and trading was scheduled to begin on May 19, 2022 “at approximately 14:30 UTC.”

Kraken reminded clients to monitor the Status page for further updates.

As noted in a blog post by Kraken, you may now choose to add these digital tokens to your Kraken account “by navigating to Funding, selecting the asset, and hitting Deposit.”

Deposits “require 20 confirmations (~5 minutes).”

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’s what you need to know about the assets:

  • Civic (CVC) – Civic is a blockchain-based identity management solution that gives individuals and businesses the tools they need to manage and protect personal identity information. The CVC token is the currency of Civic, used to pay for services performed on the network.
  • Radicle (RAD) – Radicle is an open-source protocol enabling developers to collaborate in a peer-to-peer and decentralized manner. Radicle offers a decentralized version of similar code collaboration platforms such as Github, where developers from around the world can develop code used to build different services. RAD is the governance token of Radicle, allowing token holders to set forth and vote on proposed updates to the platform.
  • SuperFarm (SUPER) – SuperFarm is a cross-chain decentralized finance (DeFi) protocol built to facilitate the launching of new non-fungible tokens (NFTs) without the need for programming skills. SUPER is SuperFarm’s token that is used for voting on governance proposals, paying network fees, staking and paying for NFT drops on the platform.

As always, Kraken confirmed that they plan list more crypto-assets.

However, 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.”

As usual, Kraken clarified that 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.”

As mentioned in the announcement, 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.” So, you still need to do your own research and invest at your own risk, the company reminded users.

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