Digital Assets: Kraken Now Supports Trading with ACH, IDEX, REQ Tokens

The team at digital asset firm Kraken says they are pleased to announce that their crypto trading platform now supports Alchemy Pay (ACH), IDEX (IDEX) and Request (REQ).

Funding is live, and trading will “begin on May 31 at approximately 14:30 UTC.”

You may keep an eye on the status page for more updates, Kraken noted in a blog post.

You can add these tokens to your Kraken account “by navigating to Funding, selecting the asset, and hitting Deposit. Deposits require 20 confirmations (~5 minutes).”

All digital tokens are “tradeable against USD and EUR on Kraken and the Kraken Pro interface.”

As mentioned in the announcement, Request (REQ) trading is “not available to residents of the United States, Canada and Japan.”

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 assets:

Alchemy Pay (ACH)

Alchemy Pay “bridges government-issued currencies and crypto global economies through its efficient payment infrastructure network and user-friendly access to Web3 services.”

ACH is used “to incentivize the participation of all key roles in the Alchemy Pay crypto-fiat ecosystem.”

IDEX (IDEX)

IDEX is “one of the first Ethereum-based decentralized exchanges to combine a traditional order book with an automated market maker (AMM) model.”

By managing the trading engine off-chain and settling trades on-chain, IDEX aims “to deliver a more efficient trading experience for all. IDEX can be staked to allow token holders to earn up to 50% of the trading fees collected by the network and further decentralize the platform.”

Request (REQ)

The Request Network is “an Ethereum-based decentralized payment system where anyone can request a payment and receive their funds securely.”

Users also have the option “to set terms and conditions to the payment, which are committed to the network and available for all parties to see.”

The REQ token “ensures the truthfulness and stability of the Request Network, while also allowing for governance voting that influences the future of the platform.”

As always, Kraken says it will plan to list more assets. 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 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 clarified 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.”

Always do your own research and “invest at your own risk.”

 


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