KEY TAKEAWAYS
- Kraken has launched trading for Virtuals Protocol (VIRTUAL), enhancing its metaverse offerings.
- Users can deposit VIRTUAL tokens into their Kraken accounts, but must use supported networks to avoid loss.
- Virtuals Protocol aims to support metaverse economies with features like cross-world interoperability and secure NFT ownership.
- Kraken plans to list more assets in the future, with details shared close to launch dates.
Kraken has announced that Virtuals Protocol (VIRTUAL) is now available for trading on its platform. Trading for VIRTUAL went live at 15:00 UTC on February 12, 2025. This addition allows users to engage with a decentralized metaverse infrastructure that focuses on digital identities, virtual assets, and immersive experiences.
To begin trading VIRTUAL, users can add the asset to their Kraken account by navigating to the Funding section, selecting the desired asset, and clicking ‘Deposit’. It is crucial to deposit tokens into networks supported by Kraken, as deposits made using unsupported networks may result in loss.
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 for efficient order matching. Additionally, geographic restrictions may apply to trading activities.
Understanding Virtuals Protocol
Virtuals Protocol is designed to power metaverse economies by facilitating cross-world interoperability, secure NFT ownership, and seamless transactions. It supports gaming, virtual commerce, and decentralized social interactions within interconnected digital environments. This infrastructure aims to enhance the experience of users engaging in the metaverse.
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 potential listings until shortly before their launch. All current and future tokens can be found on Kraken’s Listings Roadmap and social media profiles.
For more information on the VIRTUAL listing, visit the official announcement here.
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