We’re thrilled to announce that Kraken now helps deposits and withdrawals of Polygon (MATIC) on the Polygon Community! Should you beforehand deposited MATIC to Kraken over the Polygon community, your deposit ought to now be credited in your account.
Along with supporting MATIC natively on Polygon, we are going to proceed to assist deposits and withdrawals of MATIC on the Ethereum community (ERC-20).
Funding, buying and selling and staking
Funding and buying and selling are already dwell. You’ll be able to switch MATIC tokens to your Kraken account by navigating to Funding, choosing MATIC and within the drop-down field the specified deposit methodology (community): both Ethereum (ERC-20) or Polygon community. Please be aware that every other deposit strategies will lead to misplaced MATIC tokens.
Earn as much as 14% in yearly rewards by staking your MATIC from the Earn part of your Kraken account or out of your Professional cellular app. MATIC staking on Kraken is gasless, which means there are not any community transaction charges for staking and unstaking or for claiming and withdrawing staking rewards. Moreover, Kraken makes it simple so that you can stake and unstake at any time, with no lockup intervals.
Right here’s what that you must know in regards to the asset:
Polygon (MATIC) is a Layer 2 scaling answer and improvement infrastructure for Ethereum. Polygon will increase the transaction throughput for Ethereum-based belongings and makes use of a modular framework to assist the execution of interoperable sensible contracts. MATIC is the utility token of the platform which is used to pay for community transaction charges, earn rewards for securing the community by staking and vote on selections that have an effect on the way forward for the platform.
Try the Kraken Be taught Heart information What’s Polygon? to study extra.
Will Kraken make extra belongings obtainable?
Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which belongings we’re contemplating. All of Kraken’s obtainable tokens could be discovered right here, and all future tokens can be introduced on Kraken’s weblog and social media profiles. Our consumer engagement specialists can not reply any questions on which belongings we could also be making obtainable sooner or later.
Commerce with warning
There is no such thing as a assure {that a} restrict order will execute. There may be additionally no assure a market order will execute at a sure worth. The supply and liquidity of the actual digital asset will affect some of these orders.
These supplies are for common info functions solely and are usually not funding recommendation or a suggestion or solicitation to purchase, promote or maintain any cryptoasset or to interact in any particular buying and selling technique. Some crypto merchandise and markets are unregulated, and also you might 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 it’s best to search unbiased recommendation in your taxation place.
