KEY TAKEAWAYS
- Kraken has launched trading for Moonwell (WELL), enhancing its platform with a decentralized lending and borrowing protocol.
- Users must deposit WELL tokens into supported networks to avoid potential loss of funds.
- Trading via Kraken App and Instant Buy will be available once liquidity conditions are met, with geographic restrictions possibly affecting access.
- Kraken plans to expand its asset listings, maintaining confidentiality until new launches are imminent.
Kraken has announced that Moonwell (WELL) is now available for trading on its platform. Trading for WELL went live at 15:00 UTC on February 26, 2025. This addition allows users to engage with the decentralized lending and borrowing protocol, Moonwell, which operates on Base, Optimism, Moonbeam, and Moonriver.
To start trading WELL on Kraken, users can navigate to the Funding section of their accounts, select WELL, and proceed with the deposit. It is crucial to deposit tokens into networks supported by Kraken, as deposits made using unsupported networks may result in loss of funds.
Trading Conditions and Restrictions
Kraken has specified that trading via the Kraken App and Instant Buy will become available once liquidity conditions are met. This means that a sufficient number of buyers and sellers must be present in the market to ensure efficient order matching. Additionally, geographic restrictions may apply, potentially limiting access for some users.
Moonwell is designed to offer a secure and user-friendly experience, emphasizing non-custodial asset control, on-chain transparency, and governance-driven upgrades. The protocol aims to simplify decentralized finance (DeFi) by enabling users to lend, borrow, and earn rewards with ease.
Future Asset Listings on Kraken
Kraken has indicated that more assets will be made available in the future. However, the platform maintains a policy of not disclosing details about upcoming listings until shortly before their launch. All current and future tokens can be found on Kraken’s Listings Roadmap and social media profiles.
For more information about the WELL listing, visit the official announcement here.
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