We’re thrilled to announce that Kraken now helps deposits and withdrawals of Polygon (MATIC) on the Polygon Community!
Along with supporting MATIC natively on Polygon, we’ll 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 stay. You possibly can switch MATIC tokens to your Kraken account by navigating to Funding, deciding on MATIC and within the drop-down field the specified deposit methodology (community): both Ethereum (ERC-20) or Polygon community. Please notice that every other deposit strategies will end in 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 cell 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 durations.
Right here’s what you might want to know concerning the asset:
Polygon (MATIC) is a Layer 2 scaling answer and improvement infrastructure for Ethereum. Polygon will increase the transaction throughput for Ethereum-based property and makes use of a modular framework to assist the execution of interoperable good contracts. MATIC is the utility token of the platform which is used to pay for community transaction charges, earn rewards for securing the community via staking and vote on choices that have an effect on the way forward for the platform.
Try the Kraken Be taught Middle information What’s Polygon? to be taught extra.
Will Kraken make extra property out there?
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 out there tokens might be discovered right here, and all future tokens will probably 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 out there sooner or later.
Commerce with warning
There isn’t a assure {that a} restrict order will execute. There’s additionally no assure a market order will execute at a sure value. The supply and liquidity of the actual digital asset will impression some of these orders.
These supplies are for normal data functions solely and should 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 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 improve within the worth of your cryptoassets and you must search unbiased recommendation in your taxation place.
