KEY TAKEAWAYS
- Kraken has listed SNEK, a deflationary memecoin on the Cardano blockchain, enhancing its trading platform offerings.
- SNEK aims to make Web3 more accessible by uniting communities through fun and innovation.
- Trading for SNEK on Kraken requires users to deposit tokens into supported networks to avoid loss.
- Kraken plans to expand its asset listings, with future tokens announced on its Listings Roadmap and social media.
Kraken has announced that SNEK, a deflationary memecoin on the Cardano blockchain, is now available for trading on its platform. Trading for SNEK went live at 15:00 UTC on April 28, 2025. This addition aims to enhance Kraken’s offerings by providing users with access to a unique asset rooted in internet culture and community engagement.
To trade SNEK on Kraken, users must first add the asset to their account. This can be done by navigating to the ‘Funding’ section, selecting SNEK, and clicking ‘Deposit.’ It is crucial for users to deposit their tokens into networks supported by Kraken, as deposits made using unsupported networks will be lost.
Understanding SNEK and Its Role in the Crypto Ecosystem
SNEK is designed to unite the community and make Web3 more accessible through fun and innovation. As a memecoin, it serves as a cultural bridge, bringing energy, creativity, and inclusivity to the decentralized finance ecosystem. Its passionate online following fuels its growth and adoption.
Kraken has noted that trading via the Kraken App and Instant Buy will become available once liquidity conditions are met. This means a sufficient number of buyers and sellers must enter the market for orders to be efficiently matched. Additionally, geographic restrictions may apply to SNEK trading.
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 continues to expand its offerings, with all available tokens listed on its website. Future tokens will be announced on Kraken’s Listings Roadmap and social media profiles. For more information, visit the official announcement here.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
