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USDT deposits and withdrawals available via the Solana network!

March 16, 2023 | Asset Listings, Product We’re thrilled to announce that Kraken now supports deposits and withdrawals of Tether (USDT) via the Solana network! Solana is an open source blockchain platform and scaling solution for decentralized applications (dApps). The platform uses a novel consensus mechanism known as proof-of-history (PoH) to increase transaction throughput and…

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Expanded margin pairs available for FTM, LDO, OCEAN and PAXG!

We’re thrilled to announce that Kraken now supports new margin pairs for Fantom (FTM), Lido DAO (LDO), Ocean Protocol (OCEAN) and PAXG (PAX Gold)! Fantom (FTM) Fantom is a blockchain-based smart contract platform for developing decentralized applications (dApps). The platform uses a novel consensus mechanism and asynchronous Byzantine Fault Tolerance (aBFT) approach to solve issues…

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Trading for Aptos (APT) starts now for USA and CA!

March 8, 2023 | Asset Listings Following Kraken’s listings of Aptos (APT) for most countries on October 19, 2022, Kraken is excited to announce the availability of APT for residents of the United States and Canada! Funding and Trading Funding and trading are live. You can add APT to your Kraken account by navigating to…

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NFTs 101: Identity expression with PFPs

There was once a time when displaying an image of your real face on social media was standard practice. A holiday photo, a mugshot, a pic of you and your pug; these were all commonplace ways of showcasing yourself to the world. But that time has passed, and a new era of social signaling has…

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ETH deposits and withdrawals available on Arbitrum!

We’re thrilled to announce that Kraken now supports deposits and withdrawals of Ethereum (ETH) on Arbitrum! Arbitrum is a Layer 2 (L2) blockchain protocol built on top of the Ethereum blockchain that allows Ethereum transactions to be processed more efficiently.  By increasing the amount of transactions Ethereum can process, as well as the speed with…

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Ordinals: A common ground for Ethereum and Bitcoin maximalists?

Representing real-world assets on the Bitcoin blockchain is nothing new. Over a decade ago, projects like the Colored Coin protocol and Counterparty exchange proved Bitcoin could track items, not just units of currency, in a decentralized way. However, consensus issues prevented either project from gaining widespread adoption in the market. Ethereum quickly took over as…

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Busting Crypto Myths: You don’t own anything when you buy an NFT

For the uninitiated or crypto-curious people out there, non-fungible tokens (NFTs) represent one of the more colorful sectors of the cryptocurrency industry. How is it that duplicable, oftentimes wacky pieces of digital artwork can fetch extraordinarily high prices, and why are people flocking to buy these intangible items? It’s certainly a difficult topic to get your head…

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Crypto 101: What is the blockchain trilemma

Life is full of tradeoffs. Oftentimes, we can only maximize one outcome by sacrificing another. Sometimes these tradeoffs are not exactly 1:1 tradeoffs but are part of a more complex relationship. What are some examples of a trilemma? Realtors might say: a big house, great location, affordable price – pick two Chefs might say: big…