Kraken announced that it is now compatible with Acala

Kraken announced this Tuesday, January 25, through its Twitter account, that it is now compatible with Acala (ACA). Additionally, he indicated that customers who contributed to the Acala Network Parachain Auction on Kraken have now received ACA rewards in their Kraken account.

Image about Kraken’s Twitter post

“We are delighted to announce that Kraken is now compatible with Acala (ACA)! You can add ACA to your Kraken account by navigating to Funding, selecting the asset and pressing Deposit”, he said in an article posted on his website.

What do you need to know?

• Ticker: ACA

• Negotiable against: dollars, euros

• Price accuracy: 3 decimal places

• Deposit confirmations required: 25 (2 minutes)

• Not available in: United States, Canada, Australia and Japan

• Services available: Kraken, the Kraken Pro interface

About Acala

This is Polkadot’s decentralized finance network and liquidity hub. A scalable smart contract platform, Acala is compatible with Ethereum and optimized for DeFi with built-in liquidity and financial applications out of the box. It features trustless exchanges, a decentralized stablecoin, and DOT Liquid Staking (LDOT). ACA is the utility token that powers Acala.

Will Kraken list more assets?

According to the company, yes, but its policy is never to reveal any details until shortly before launch, not even what assets we are considering. In his opinion, all of Kraken’s listed tokens are available on the website, and all future tokens will be announced on Kraken’s blog and social media profiles.

Also read: Boba Network announced the launch of WAGMI KPI Options

Trade and invest with caution

The firm recommended limit orders when trading begins, as the markets may be initially illiquid. “Be very careful with market orders and orders that trigger market orders (eg stop loss)”, he added.

Similarly, it specified that listing an asset or token for trading is not a recommendation to buy, sell or participate in the associated network. “Do your own research and invest at your own risk”, he insisted.

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