KEY TAKEAWAYS
- Kraken has launched trading for the MELANIA token, available against USD and EUR, with specific trading parameters.
- MELANIA, a memecoin based on the Solana blockchain, is positioned as a community-driven asset rather than an investment.
- Kraken plans to list more assets in the future but will announce them shortly before their launch.
Kraken has announced that the MELANIA token is now available for trading on its platform. Trading for MELANIA went live at 11:00 AM UTC on January 20, 2024. The token can be traded against USD and EUR with specific trading parameters set by Kraken.
To add MELANIA to a Kraken account, users are advised to navigate to the Funding section, select MELANIA, and proceed with the deposit. It is important to ensure that deposits are made using networks supported by Kraken, as deposits made through unsupported networks will be lost.
The MELANIA token is tradeable on both Kraken and Kraken Pro. The trading parameters include a price decimal precision of 0.001, a minimum order size of 0.5, and a minimum deposit of 0.1. Trading via the Kraken App and Instant Buy will become available once liquidity conditions are met, meaning a sufficient number of buyers and sellers are present in the market.
About the MELANIA Token
MELANIA is described as the official memecoin of First Lady Melania Trump. It is based on the Solana blockchain and aims to serve as a symbol of support and engagement with the values associated with MELANIA. Despite its rapid rise to an $8.5 billion market cap, the token is marketed as a fun, community-driven asset rather than an investment vehicle.
Currently, MELANIA is not available for trading in Germany (DE). For more details, the official announcement can be found here.
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 listings will be announced on their Listings Roadmap and social media profiles.
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