Kraken is supporting four new assets: Badger DAO (BADGER), Cartesi (CTSI), Loopring (LRC) and Wrapped Bitcoin (WBTC).
- Deposits for all four assets are available starting now
- Trading will begin on August 3 at approximately 15:30 UTC for all assets
Note: Trading is not available to residents of the USA, Canada, Australia and Japan.
Here’s a rundown of the new assets available for deposit on Kraken today.
Badger DAO (BADGER) – Badger DAO is an open-source, decentralized automated organization (DAO) built on Ethereum that is dedicated to building an infrastructure and products for using Bitcoin (BTC) in decentralized finance (DeFi) applications. Badger DAO developers can get compensated in the BADGER cryptocurrency for their work. BADGER also enables anyone who holds it to share ownership in the DAO and vote on upgrades to the protocol, among other things.
Cartesi (CTSI) – Cartesi is a decentralized computation platform that allows for the creation and development of decentralized applications. What sets Cartesi appart is the ability for developers to write smart contracts using coding languages they are already familiar with (such as Python). The CTSI token has been designed to incentivize Cartesi node operators to engage with the system honestly and to allow participants to pay fees within Cartesi’s ecosystem.
Loopring (LRC) – Loopring is a decentralized exchange protocol running on Ethereum that enables the creation of new types of crypto asset exchanges. Developers can use Loopering to build orderbook-based decentralized exchanges without having to take custody of participant’s assets. Loopring claims that its platform will allow these exchanges to avoid low speeds and high costs often associated with Ethereum through the use of a newer type of cryptography called zero-knowledge rollups, or zkRollups. The LRC token, Loopring’s native cryptocurrency, helps incentivize the proper use of the Loopring network by incentivizing nodes to maintain the order books and trade history.
Wrapped Bitcoin (WBTC) – wBTC is a token that is backed 1:1 by bitcoin, allowing bitcoin holders to access decentralized finance (DeFi) applications on Ethereum. In this way, WBTC operates as a bridge between Ethereum and Bitcoin. Those who wish to deposit BTC and mint WBTC must go through a process that is carried out by custodians, who mint WBTC and keep its reserves secure, and merchants, who distribute WBTC to participants and destroy excess WBTC.
What time will funding and trading start?
- Funding: Already available – you can deposit BADGER, CTSI, LRC and WBTC now!
- Trading: Starts August 3 at approximately 15:30 UTC (Kraken will enable order entry and execution at this time)
- Updates will be posted on the status page near launch time
Trading pairs for BADGER, CTSI, LRC and WBTC
Each new asset will be available for trading in USD and EUR. WBTC will also be available for trading in BTC.
How to deposit BADGER, CTSI, LRC and WBTC
- Navigate to “Funding” > Select the asset. You can find the asset either by ticking “Show all assets” or by searching (e.g for “CTSI” or “LRC”).
- Click “Deposit” next to the asset and follow the on-screen instructions.
Confirmations required before deposits credit
- BADGER: 20 (about 5 minutes)
- CTSI: 20 (about 5 minutes)
- LRC: 20 (about 5 minutes)
- WBTC: 20 (about 5 minutes)
- 0.5 BADGER
- 10 CTSI
- 15 LRC
- 0.0001 WBTC
Fees and funding minimums
Which services will be available for CTSI, LRC, WBTC and BADGER?
Not (yet) available
Will Kraken list more assets?
Yes! But our policy is not to 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. Our client engagement specialists cannot answer any questions about which assets we may be listing in the future.
Trade with caution
Limit orders are recommended when trading starts since the markets may be illiquid initially. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss).
Invest with caution
Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.