Kraken Lists Reserve Rights and Vanar Chain for Trading

Kraken, a leading cryptocurrency exchange, has announced the addition of Reserve Rights (RSR) and Vanar Chain (VANRY) to its trading platform. Trading for these tokens went live at 14:00 PM UTC on November 26, 2024. This move expands Kraken’s offerings, providing users with more options for cryptocurrency trading.

To begin trading RSR and VANRY, users can navigate to the Funding section of their Kraken account, select the desired asset, and proceed with the deposit. It is crucial to deposit tokens into networks supported by Kraken, as deposits made using unsupported networks will be lost.

Trading Parameters and Availability

Both RSR and VANRY are available for trading against USD and EUR on Kraken and Kraken Pro. The trading parameters include a price decimal precision of 0.00001, with a minimum order size of 1000 for RSR and 100 for VANRY. The minimum deposit required for each token mirrors the minimum order size.

Currently, RSR is not available for trading in the United States, Germany, and Canada, while VANRY is unavailable in Germany. Trading via the Kraken App and Instant Buy will be accessible once liquidity conditions are met, ensuring efficient order matching.

Understanding Reserve Rights and Vanar Chain

Reserve Rights (RSR) is part of a dual-token stablecoin system designed to promote global financial inclusion. It operates alongside the Reserve token (RSV) to maintain price stability, with RSR playing a role in governance and arbitrage. This system aims to combat hyperinflation and support decentralized savings, particularly in emerging markets.

Vanar Chain (VANRY) is a decentralized asset management platform that offers algorithmic trading tools and portfolio optimization. By leveraging blockchain technology, VANRY ensures transparent, secure, and automated investment strategies, enhancing scalability and user experience for cryptocurrency investors.

For more details on the new listings, visit the official announcement here.

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