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 essential know:
| Ticker | PARA |
| Tradable in opposition to | EUR, USD |
| Value precision | 1 decimal locations |
| Minimal Order Measurement | 5000 |
| Minimal Deposit | 50 |
| Deposit confirmations required | 25 confirmations (6 minutes) |
| Not accessible in | United States, Canada, Japan |
| Providers accessible | Kraken, Kraken Pro |
Regulate our status page for updates.
Notice:
- Buying and selling by way of the Kraken app and on the spot purchase can be accessible as soon as liquidity situations are met (when a adequate variety of consumers and sellers have entered the market and orders could 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 belongings. PARA is the native token of the mission used to pay transaction charges on the platform, incentivize validators to assist safe the community, earn rewards by way of staking and vote on selections that have an effect on the long run route of the protocol.
Will Kraken make extra belongings accessible?
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 accessible tokens could be discovered here, and all future tokens can be introduced on Kraken’s weblog and social media profiles. Our shopper engagement specialists can’t reply any questions on which belongings we could also be making accessible sooner or later.
Commerce with warning
There isn’t any assure {that a} restrict order will execute. There’s additionally no assure a market order will execute at a sure worth. The provision and liquidity of the actual digital asset will influence some of these orders.
These supplies are for common info functions solely and should not funding recommendation or a suggestion or solicitation to purchase, promote or maintain any digital asset 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 enhance within the worth of your cryptoassets and you must search unbiased recommendation in your taxation place.
