KEY TAKEAWAYS
- Kraken has launched trading for RedStone (RED), expanding its range of tradable assets.
- Users must deposit RED tokens into supported networks to avoid potential loss of funds.
- RedStone offers fast, secure price feeds for over 1,250 assets, enhancing Web3 infrastructure.
- Kraken plans to continue adding new assets, with details available on their Listings Roadmap.
Kraken has announced that RedStone (RED) is now available for trading on its platform. Trading for RED went live at 13:00 UTC on March 6, 2025. This addition marks another step in Kraken’s ongoing efforts to expand its range of tradable assets.
To begin trading RED on Kraken, users can navigate to the ‘Funding’ section of their accounts, select the desired asset, and proceed with the ‘Deposit’ option. It is crucial for users to ensure that they deposit their tokens into networks supported by Kraken, as deposits made using unsupported networks may result in the loss of funds.
Trading Conditions and Restrictions
Trading RED 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 enter the market to allow for efficient order matching. Additionally, geographic restrictions may apply, potentially limiting access for some users.
RedStone (RED) is a next-generation blockchain oracle designed to provide fast, secure, and customizable price feeds for over 1,250 assets across more than 70 chains. Backed by Arrington Capital with $15 million in funding, RedStone supports various applications, including DeFi, lending, BTC staking, and restaking. Its modular architecture and top-tier security are contributing to the reshaping of Web3 infrastructure.
Future Asset Listings on Kraken
Kraken has a policy of not revealing details about future asset listings until shortly before their launch. However, the platform assures users that more assets will be made available over time. All current and future tokens can be found on Kraken’s Listings Roadmap and social media profiles. For more information on the latest asset listings, visit the official announcement here.
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