We’re thrilled to announce that Parallel Finance (PARA) begins buying and selling on Kraken in the present day!
Funding and buying and selling
Add PARA to your Kraken account by navigating to Funding, choosing Parallel Finance, after which Deposit. Buying and selling begins September 7.
Right here’s what it’s good to know:
| Ticker | PARA |
| Tradable towards | EUR, USD |
| Worth precision | 1 decimal locations |
| Minimal Order Dimension | 5000 |
| Minimal Deposit | 50 |
| Deposit confirmations required | 25 confirmations (6 minutes) |
| Not accessible in | United States, Canada, Japan |
| Providers accessible | Kraken, Kraken Professional |
Regulate our standing web page for updates.
Observe:
- Buying and selling through the Kraken app and prompt purchase will likely be accessible as soon as liquidity situations are met (when a ample variety of patrons and sellers have entered the market and orders will be effectively matched)
What’s Parallel Finance (PARA)?
Parallel Finance is a DeFi ecosystem launched on the Polkadot and Kusama networks. The platform encompasses a suite of interoperable decentralized purposes (dApps) and spinoff tokens that enable customers to borrow, lend, swap and earn yield on cross-chain property. PARA is the native token of the undertaking used to pay transaction charges on the platform, incentivize validators to assist safe the community, earn rewards through staking and vote on choices that have an effect on the longer term route of the protocol.
Will Kraken make extra property accessible?
Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which property we’re contemplating. All of Kraken’s accessible tokens will be discovered right here, and all future tokens will likely be introduced on Kraken’s weblog and social media profiles. Our consumer engagement specialists can’t reply any questions on which property we could also be making accessible sooner or later.
Commerce with warning
There isn’t a assure {that a} restrict order will execute. There may be additionally no assure a market order will execute at a sure value. The provision and liquidity of the actual digital asset will affect a majority of these orders.
These supplies are for common data functions solely and will not be funding recommendation or a advice or solicitation to purchase, promote or maintain any digital asset or to have interaction in any particular buying and selling technique. Some crypto merchandise and markets are unregulated, and also you will not be protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the cryptoasset markets can result in lack of funds. Tax could also be payable on any return and/or on any enhance within the worth of your cryptoassets and you must search impartial recommendation in your taxation place.
