USDC deposits and withdrawals now obtainable on Optimism!

We’re thrilled to announce that Kraken now helps deposits and withdrawals of USD Coin (USDC) on Optimism!

Funding

USDC funding by way of Optimism is already dwell. You may switch USD Coin (USDC) to your Kraken account by navigating to Funding and deciding on USDC. From there, use the drop-down field to pick out the specified deposit methodology (community): Optimism. 

Observe: Kraken at the moment helps two variations of USDC: USDC.e and Optimism’s native USDC.

Acquired USDC on Optimism? ⤵️

Right here’s what it is advisable to know concerning the asset

USD Coin (USDC) is a USD-backed stablecoin that’s backed by the US greenback. It permits for sooner and less expensive transactions in comparison with conventional banking choices. Every USD Coin is valued at one US greenback, successfully offering a price-stable cryptocurrency. Learn to add USDC to your crypto portfolio with our Study Middle article How to Buy USD Coin (USDC).

Optimism (OP) is a Layer 2 scaling answer applied on the Ethereum community. It employs a expertise referred to as optimistic rollups to mixture a number of transactions, thereby assuaging congestion and reducing transaction charges on the Ethereum mainnet. OP is Optimism’s native governance token, which permits OP token holders to take part in choices concerning the protocol’s future route, upgrades and parameters.

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

Commerce with warning

There isn’t any assure {that a} restrict order will execute. There’s additionally no assure a market order will execute at a sure worth. The provision and liquidity of the actual digital asset will impression these kind of orders.

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These supplies are for normal data functions solely and usually are 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 doesn’t and won’t work to extend or lower the worth of any explicit cryptoasset it makes obtainable. Some crypto merchandise and markets are unregulated, and also you might 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 improve within the worth of your cryptoassets and you must search impartial recommendation in your taxation place. Geographic restrictions could apply.