POL On The Polygon Community Is Now Accessible For Funding!

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, try our Support Center.

Within the coming months, Kraken will mechanically migrate shoppers from MATIC to POL on a 1:1 foundation. We are going to present particulars concerning this migration, together with a particular timeline, as soon as accessible.

Purchasers even have the flexibility to commerce their MATIC for POL themselves now through the brand new MATIC/POL buying and selling pair, relatively than wait to be mechanically migrated. They will achieve this utilizing Kraken Professional, or through the convert function utilizing the Kraken app.

Funding

Funding for POL on the Polygon Community* is dwell as of as we speak, September 4, 2024.

*POL is already accessible 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.’

Be certain that to deposit your tokens utilizing networks supported by Kraken. Deposits made utilizing different networks will probably be misplaced.

The brand new tokens are tradeable on Kraken and Kraken Pro with the next parameters:

Asset	Pair	Worth decimal precision	Minimal order measurement	Minimal deposit
POL	USD, EUR	5	6	6.5
MATIC	POL	5	6	6.5

Word:

POL is now accessible to shoppers within the US
Buying and selling through Kraken App and Prompt Purchase will probably be accessible as soon as the liquidity circumstances 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 solution 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 by way of staking, taking part in community governance and as a unit of cost for transaction fees on the community.

Able to commerce however don’t have a Kraken account but? Sign up today!

Will Kraken make extra property accessible?

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 accessible tokens might be discovered here, and all future tokens will probably 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 accessible sooner or later.

These supplies are for basic 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 variety, specific or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such info and won’t be responsible 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 accessible. 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 enhance within the worth of your cryptoassets and you must search unbiased recommendation in your taxation place. Geographic restrictions might apply.

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