KEY TAKEAWAYS
- Kraken has added CoW Protocol (COW) and TokenFi (TOKEN) to its trading platform, with trading starting on January 15, 2025.
- Users can trade COW and TOKEN against USD and EUR, with specific trading parameters and restrictions, including unavailability in Germany.
- CoW Protocol enhances trading efficiency on CowSwap, while TokenFi facilitates the management of tokenized real-world assets.
Kraken has announced the addition of CoW Protocol (COW) and TokenFi (TOKEN) to its trading platform. Trading for these tokens will commence at 15:00 PM UTC on January 15, 2025. This development allows users to engage with these assets through Kraken’s main platform 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 to ensure that deposits are made using networks supported by Kraken, as deposits on unsupported networks will be lost.
Trading Parameters and Restrictions
The new tokens are available for trading with specific parameters. CoW Protocol (COW) can be traded against USD and EUR with a price decimal precision of 0.0001, a minimum order size of 20, and a minimum deposit of 20. TokenFi (TOKEN) is also tradeable against USD and EUR, with a price decimal precision of 0.00001, a minimum order size of 100, and a minimum deposit of 100.
It is important to note that COW and TOKEN are not available for trading in Germany (DE). Additionally, trading via the Kraken App and Instant Buy will be enabled once sufficient liquidity conditions are met.
About CoW Protocol and TokenFi
CoW Protocol is the native token of CowSwap, a decentralized exchange that enhances trading efficiency through batch auctions and front-running prevention. The COW token functions as a governance token and incentivizes liquidity providers and exchange participants.
TokenFi, on the other hand, is the native token of the TokenFi platform, which facilitates the management and trading of tokenized real-world assets. TOKEN serves as a medium for transactions, governance, and incentives within the platform.
For more details on the new listings, visit the official announcement here.
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