Kraken Introduces New Tokens for U.K. and Australia

Chris Williams

Jan. 21, 2021

Crypto exchange's new listings feature AUD and GBP trading pairs.

Kraken Introduces New Tokens for U.K. and Australia

Shutterstock photo by E.A.stasy

Key Takeaways

Kraken has added 26 new trading pairs to its exchange including Chainlink (LINK), Synthetix (SNX), and Kusama (KSM).
Polkdot (DOT) and Cosmos (ATOM) will also be available, allowing users to earn staking rewards.
These listings are only new for Australia- and U.K.-based investors.

Kraken has introduced several new listings to its exchange, giving investors in the U.K. and Australia access to a batch of new assets.

Kraken Aims at U.K. and Australia

In its blog, Kraken says that it has added 14 new assets. That includes 26 new trading pairs, 13 of which are tied to the British pound (GBP), and 13 of which are tied to the Australian dollar (AUD).

Several of the newly listed trading pairs feature tokens for popular Ethereum-based DeFi apps. Synthetix (SNX) and Yearn Finance (YFI) can now be traded for GBP and AUD, while Aave (AAVE) can be traded for AUD only. Kraken’s announcement acknowledges that those tokens occupy “the forefront of financial innovation.”

Other trading pairs include several emergent projects that have caught the attention of the wider crypto space recently. Cardano (ADA), Chainlink (LINK), the USDC stablecoin, Filecoin (FIL), Graph Protocol (GRT), and Kusama (KSM) have all been listed.

Cosmos (ATOM) and Polkadot (DOT) have also been listed, giving investors an opportunity to earn staking rewards.

Kraken is one of the world’s largest cryptocurrency exchanges by volume. Its trading volume in the last 24 hours was just under $2 billion, according to CoinGecko.

Disclosure: At the time of writing, the author of this feature owned ETH, ADA, SNX and AAVE. They also had exposure to YFI in a cryptocurrency index.

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