Digital Assets: Kraken Now Supports Trading with Interlay (INTR)

Digital asset firm Kraken is pleased to announce that their crypto trading platform now supports Interlay (INTR).

You can add INTR to your Kraken account “by navigating to Funding, selecting the asset, and hitting Deposit.” Trading will “begin June 30th.”

Here’s what you need to know:

  • Ticker INTR
  • Tradeable against EUR, USD
  • Price precision 4 decimal places
  • Deposit confirmations required 20 (5 minutes)
  • Not available in United States, Canada and Japan
  • Services available: Kraken, the Kraken Pro interface
  • Keep an eye on the status page for updates.

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).”

What is INTR?

Interlay is “a decentralized network aiming to connect cryptocurrencies like Bitcoin with major DeFi platforms.”

Interlay is “hosted on Polkadot and allows participants to use their bitcoin holdings across various DeFi services.” INTR is Interlay’s governance token, “allowing holders to pay transaction fees, earn staking rewards and vote on proposed changes to the network.”

As always, Kraken confirmed that they intend to list more assets. But, as usual, 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.”

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.” As always, “do your own research and invest at your own risk.”

In another update, Kraken revealed that it now supports Bittorent (BTT), Dent (DENT), SelfKey (KEY) and Unifi Protocol DAO (UNFI).

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

This is “the TRC20 version of BTT (BitTorrent).”

Trading is “not available to residents of 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).”

BitTorrent (BTT)

BitTorrent is “a peer-to-peer (P2P) file sharing and torrenting platform which allows users to directly exchange files between themselves, rather than uploading/downloading files from a single server.”

The BTT token “monetizes these activities — allowing users to earn BTT for sharing files or spend BTT to enjoy faster download speeds.”

Dent (DENT)

Dent is “a blockchain-based digital mobile operator and data exchange with a suite of products and services including eSIM cards and wireless data plans.”

Dent offers “access to international data packages through its peer-to-peer network of buyers and sellers.” DENT is “the token that powers the platform and is used to transact on the Dent Exchange.”

SelfKey (KEY)

SelfKey is “a blockchain-based self-sovereign identity system providing self-management of digital identities to users.” SelfKey provides organizations and individuals “with complete ownership over their own digital identity, empowering them to take control of their online privacy.” The KEY token “powers the SelfKey platform, granting holders access to the network and acting as a form of payment for services provided by SelfKey.”

Unifi Protocol DAO (UNFI)

Unifi Protocol is “a decentralized finance (DeFi) platform with a suite of products for cross-chain trading and staking.” The Unifi Protocol DAO “allows users to develop multiple unique DeFi solutions within a single marketplace.” UNFI is “the governance token for the protocol and can be staked for rewards on the protocol’s governance dashboard.”

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