KEY TAKEAWAYS
- Kraken has launched trading for Liquid Collective’s Liquid Staked ETH (LsETH), allowing users to trade a token that represents staked Ethereum plus network rewards.
- Users must deposit LsETH into networks supported by Kraken to avoid potential loss of funds.
- Trading via the Kraken App and Instant Buy will be available once liquidity conditions are met, ensuring efficient order matching.
- Kraken plans to list more assets in the future, with announcements made on their Listings Roadmap and social media.
Kraken has announced the availability of Liquid Collective’s Liquid Staked ETH (LsETH) for trading on its platform. Trading for LsETH went live at 15:00 UTC on March 17, 2025. This addition allows users to engage with a liquid staking token that represents staked Ethereum (ETH) plus network rewards.
To begin trading LsETH, users can navigate to the ‘Funding’ section of their Kraken account, select the desired asset, and proceed with the ‘Deposit’ option. It is crucial for users to deposit their tokens into networks supported by Kraken, as deposits made using unsupported networks may result in the loss of funds.
Understanding Liquid Staked ETH (LsETH)
LsETH is a liquid staking token (LST) provided by Liquid Collective. It allows users to stake their ETH while maintaining liquidity for decentralized finance (DeFi) use or transfers. The value of LsETH increases as network rewards accrue, offering a flexible and efficient way to participate in Ethereum staking while retaining liquidity.
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 certain users.
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 available tokens can be found on Kraken’s website, and future tokens will be announced on their Listings Roadmap and social media profiles. For more information, visit the official announcement here.
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