We are excited to announce that we have expanded POL’s network coverage to include the Polygon network!
This is an important milestone in our work to support the Polygon team’s goal of migrating all MATIC to the POL token. Learn more about this migration in our Help Center.
In the coming months, Kraken will automatically migrate clients from MATIC to POL on a 1:1 basis. We will provide details regarding this migration, including a specific timeline, as soon as we become available.
Clients also have the option to exchange their MATIC for POL themselves via the new MATIC/POL trading pair, rather than waiting for the automatic migration. They can do this using Kraken Pro or via the conversion feature using the Kraken app.
Funding
POL funding on the Polygon* network is operational as of today, September 4, 2024.
*POL is already available on Kraken via the Ethereum network.
To add an asset to your Kraken account, go to Funding, select the asset you are looking for and click “Deposit”.
Make sure to deposit your tokens using Kraken supported networks. Deposits made via other networks will be lost.
The new tokens are tradable on Kraken and Kraken Pro with the following parameters:
| Active | Pair | Decimal precision of price | Minimum order size | Minimum deposit |
|---|---|---|---|---|
| POL | USD, EUR | 5 | 6 | 6.5 |
| MATICS | POL | 5 | 6 | 6.5 |
Note:
- POL is now available for customers in the United States
- Trading via the Kraken app and instant buy will be available once liquidity conditions are met (when enough buyers and sellers have entered the market for their orders to be efficiently matched).
Here is some additional information about POL:
POL is a multi-chain scaling solution for the Ethereum blockchain. Polygon is a layer-2 scaling solution that aims to improve speed, while reducing the cost and complexity of transactions on its network. Polygon uses sidechains to assist with off-chain computation while maintaining security and utilizes a decentralized network of Proof-of-Stake (PoS) validators. POL is the utility token of the Polygon network and is used to secure the chain through staking, participate in network governance, and as a unit of payment for transaction fees on the network.
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Will Kraken make more assets available?
Yes! But our policy is to never reveal any details before launch, including what assets we are considering. All available Kraken tokens are available here , and all future tokens will be announced on the Kraken blog and social media profiles. Our customer engagement specialists cannot answer any questions about what assets we may make available in the future.
These materials are provided for general informational purposes only and do not constitute investment advice, or a recommendation or solicitation to buy, sell, stake, or hold any cryptoassets, or to participate in any specific trading strategy. Kraken makes no representations or warranties, express or implied, as to the accuracy, completeness, timeliness, suitability, or validity of this information and will not be liable for any errors, omissions, or delays in this information or for any losses, injuries, or damages resulting from the display or use of it. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset that it makes available. Certain crypto products and markets are unregulated and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets may result in the loss of funds. Tax may be payable on any return and/or increase in the value of your crypto assets and you should seek independent advice on your tax position. Geographic restrictions may apply.
