We’re thrilled to announce that we’ve prolonged the community protection of POL to incorporate the Polygon Community!
This is a vital step as we work in direction of supporting the Polygon workforce’s goal of migrating all MATIC to the POL token. To search out out extra about this migration, take a look at our Assist Heart.
Within the coming months, Kraken will mechanically migrate purchasers from MATIC to POL on a 1:1 foundation. We are going to present particulars relating to this migration, together with a selected timeline, as soon as obtainable.
Shoppers even have the power to commerce their MATIC for POL themselves now through the brand new MATIC/POL buying and selling pair, quite than wait to be mechanically migrated. They’ll achieve this utilizing Kraken Professional, or through the convert characteristic utilizing the Kraken app.
Funding
Funding for POL on the Polygon Community* is dwell as of at the moment, September 4, 2024.
*POL is already obtainable on Kraken through the Ethereum Community.
So as to add an asset to your Kraken account, navigate to Funding, choose the asset you’re after, and hit ‘Deposit.’
Make certain to deposit your tokens utilizing networks supported by Kraken. Deposits made utilizing different networks might be misplaced.
The brand new tokens are tradeable on Kraken and Kraken Professional with the next parameters:
| Asset | Pair | Value decimal precision | Minimal order dimension | Minimal deposit |
|---|---|---|---|---|
| POL | USD, EUR | 5 | 6 | 6.5 |
| MATIC | POL | 5 | 6 | 6.5 |
Notice:
- POL is now obtainable to purchasers within the US
- Buying and selling through Kraken App and Immediate Purchase might be obtainable as soon as the liquidity situations are met (when a ample variety of patrons and sellers have entered the marketplace for their orders to be effectively matched).
Right here’s some extra details about POL:
POL is a multi-chain scaling answer for the Ethereum blockchain. Polygon is a Layer 2 scaling answer that goals to enhance the velocity, whereas additionally decreasing the fee and complexities, of transactions on its community. Polygon makes use of sidechains to assist with off-chain computation whereas sustaining safety and makes use of a decentralized community of proof-of-stake (PoS) validators. POL is the utility token of the Polygon community and is used for securing the chain via staking, collaborating in community governance and as a unit of fee for transaction charges on the community.
Able to commerce however don’t have a Kraken account but? Enroll at the moment!
Will Kraken make extra property obtainable?
Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which property we’re contemplating. All of Kraken’s obtainable tokens could be discovered right here, and all future tokens might be introduced on Kraken’s weblog and social media profiles. Our consumer engagement specialists can’t reply any questions on which property we could also be making obtainable sooner or later.
These supplies are for common info functions solely and should not funding recommendation or a suggestion or solicitation to purchase, promote, stake, or maintain any cryptoasset or to interact in any particular buying and selling technique. Kraken makes no illustration or guarantee of any type, specific or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such info and won’t be accountable for any errors, omissions, or delays on this info or any losses, accidents, or damages arising from its show or use. Kraken doesn’t and won’t work to extend or lower the worth of any specific cryptoasset it makes obtainable. Some crypto merchandise and markets are unregulated, and also you will not be protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the cryptoasset markets can result in lack of funds. Tax could also be payable on any return and/or on any enhance within the worth of your cryptoassets and you need to search unbiased recommendation in your taxation place. Geographic restrictions might apply.
