KEY TAKEAWAYS
- Kraken has launched trading for three new cryptocurrencies: PENGU, SIGMA, and ME, enhancing its platform offerings.
- Users can deposit these assets into their Kraken accounts, ensuring they use supported networks to avoid loss.
- Pudgy Penguins (PENGU) and Sigma (SIGMA) cater to niche communities, while Magic Eden (ME) expands NFT marketplace options.
- Trading on Kraken App and Instant Buy will be available once liquidity conditions are met, with potential geographic restrictions.
Kraken has announced the addition of three new cryptocurrencies—PENGU, SIGMA, and ME—to its trading platform. Trading for these assets went live at 15:00 UTC on January 28, 2025. This development allows users to engage with these tokens on both Kraken and Kraken Pro.
To begin trading, users can add these assets to their Kraken accounts by navigating to the Funding section, selecting the desired asset, and clicking ‘Deposit’. It is crucial for users to ensure their deposits are made using networks supported by Kraken, as deposits made through unsupported networks will be lost.
Understanding the New Listings
Pudgy Penguins (PENGU) has become a significant part of crypto culture, backed by a strong community. The token has gained widespread recognition, featuring in major brand showcases and ETF commercials, and has accumulated over 50 billion views.
Sigma (SIGMA) embodies the ‘Sigma male’ ethos, appealing to individuals who value independence and self-reliance. This token attracts those who prefer to navigate the cryptocurrency landscape independently, without adhering to traditional norms.
Magic Eden (ME) is recognized as the largest NFT marketplace and Runes platform. It supports a variety of blockchains, including Solana, Bitcoin, and Ethereum, offering users a diverse multi-chain experience for exploring and trading digital assets.
Trading Conditions and Restrictions
While trading is available on Kraken and Kraken Pro, the Kraken App and Instant Buy options will be accessible once liquidity conditions are met. This means a sufficient number of buyers and sellers must be present for efficient order matching. Additionally, geographic restrictions may apply to these new listings.
For more information on these new listings, visit the official announcement here.
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