We’re thrilled to announce that we’ve prolonged the community protection of POL to incorporate the Polygon Community!
This is a crucial step as we work in the direction of supporting the Polygon group’s goal of migrating all MATIC to the POL token. To seek out out extra about this migration, take a look at our Help Middle.
Within the coming months, Kraken will robotically migrate shoppers from MATIC to POL on a 1:1 foundation. We’ll present particulars relating to this migration, together with a particular timeline, as soon as obtainable.
Shoppers even have the flexibility to commerce their MATIC for POL themselves now by way of the brand new MATIC/POL buying and selling pair, fairly than wait to be robotically migrated. They’ll accomplish that utilizing Kraken Professional, or by way of the convert characteristic utilizing the Kraken app.
Funding
Funding for POL on the Polygon Community* is stay as of at the moment, 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.’
Ensure 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 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 |
Be aware:
- POL is now obtainable to shoppers within the US
- Buying and selling by way of Kraken App and Instantaneous Purchase will probably be obtainable as soon as the liquidity circumstances are met (when a enough 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 resolution for the Ethereum blockchain. Polygon is a Layer 2 scaling resolution that goals to enhance the pace, 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 means of 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? Join 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 might be discovered right 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 obtainable sooner or later.
These supplies are for common data functions solely and usually are 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 form, categorical or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such data and won’t be answerable 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 explicit 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 it is best to search unbiased recommendation in your taxation place. Geographic restrictions might apply.