KEY TAKEAWAYS
- Kraken has launched trading for SatLayer (SLAY), enhancing its cryptocurrency offerings.
- SatLayer transforms Bitcoin into programmable collateral, securing decentralized applications.
- Users must ensure deposits are made through supported networks to avoid loss.
- Trading availability depends on liquidity conditions and may have geographic restrictions.
Kraken, a prominent cryptocurrency exchange, has announced that SatLayer (SLAY) is now available for trading on its platform. The trading for SLAY went live on August 14, 2025, marking a significant addition to Kraken’s asset offerings.
SatLayer is a Bitcoin restaking platform that transforms BTC into programmable collateral, which is used to secure decentralized applications and services. The SLAY token is integral to the platform, providing security, rewards, and future governance capabilities.
To trade SLAY on Kraken, users must first add the asset to their account. This can be done by navigating to the ‘Funding’ section, selecting SLAY, and clicking ‘Deposit’. It is crucial for users to ensure that deposits are made using networks supported by Kraken, as deposits made through unsupported networks will be lost.
Trading Conditions and Geographic Restrictions
Kraken has noted 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 enter the market to ensure efficient order matching. Additionally, geographic restrictions may apply to SLAY trading, and users are advised to check their eligibility.
Kraken’s policy is to keep future asset listings confidential until shortly before their launch. The exchange has stated that all available tokens can be found on their platform, and any future listings will be announced on their Listings Roadmap and social media profiles.
For more information, the official announcement can be found here.
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