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 seek out out extra about this migration, try our Help Middle.
Within the coming months, Kraken will mechanically migrate purchasers from MATIC to POL on a 1:1 foundation. We’ll 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 by way of the brand new MATIC/POL buying and selling pair, somewhat than wait to be mechanically migrated. They will achieve this utilizing Kraken Professional, or by way of the convert function utilizing the Kraken app.
Funding
Funding for POL on the Polygon Community* is stay as of right now, September 4, 2024.
*POL is already obtainable on Kraken by way of 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.’
Be certain to deposit your tokens utilizing networks supported by Kraken. Deposits made utilizing different networks will likely be misplaced.
The brand new tokens are tradeable on Kraken and Kraken Professional with the next parameters:
| Asset | Pair | Value decimal precision | Minimal order measurement | Minimal deposit |
|---|---|---|---|---|
| POL | USD, EUR | 5 | 6 | 6.5 |
| MATIC | POL | 5 | 6 | 6.5 |
Observe:
- POL is now obtainable to purchasers within the US
- Buying and selling by way of Kraken App and Instantaneous Purchase will likely be obtainable as soon as the liquidity situations are met (when a enough variety of consumers 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 lowering the associated 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, taking part in community governance and as a unit of cost for transaction charges on the community.
Able to commerce however don’t have a Kraken account but? Join right now!
Will Kraken make extra belongings obtainable?
Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which belongings we’re contemplating. All of Kraken’s obtainable tokens may be discovered right here, and all future tokens will likely be introduced on Kraken’s weblog and social media profiles. Our consumer engagement specialists can’t reply any questions on which belongings we could also be making obtainable sooner or later.
These supplies are for normal data functions solely and should not funding recommendation or a suggestion or solicitation to purchase, promote, stake, or maintain any cryptoasset or to have interaction in any particular buying and selling technique. Kraken makes no illustration or guarantee of any variety, specific or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such data and won’t be chargeable for any errors, omissions, or delays on this data 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 is probably not 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 improve within the worth of your cryptoassets and you need to search unbiased recommendation in your taxation place. Geographic restrictions could apply.
