Kraken Adds Beam (BEAM) and Ondo (ONDO) for Trading in Canada

Beam (BEAM) and Ondo (ONDO) are now available for trading and funding on Kraken for residents of Canada. Both tokens can be traded on Kraken and Kraken Pro, with BEAM having a price decimal precision of 24 and a minimum order size of 50, while ONDO has a price decimal precision of 3 and a minimum order size of 20.

Kraken Announces Support for Beam (BEAM) and Ondo (ONDO) in Canada

Kraken, a leading global cryptocurrency exchange, has announced the addition of Beam (BEAM) and Ondo (ONDO) to its platform for Canadian residents.

Funding and Trading

Funding and trading for both BEAM and ONDO are now live on Kraken. Users can deposit these assets into their Kraken accounts through the "Funding" option, selecting the respective asset and clicking "Deposit." It is crucial to ensure that deposits are made using the networks supported by Kraken; deposits using unsupported networks will be lost.

Trading Parameters

BEAM and ONDO are available for trading on Kraken and Kraken Pro with the following parameters:

Trading via the Kraken App and Instant Buy will be enabled once liquidity conditions are met, indicating a sufficient number of buyers and sellers in the market to efficiently match orders.

About Beam (BEAM)

Beam (BEAM) is a blockchain platform designed specifically for the gaming industry by Merit Circle (MC). It aims to revolutionize game development, player experiences, and asset trading. BEAM facilitates seamless cross-chain transfer of game assets as omnichain NFTs. Additionally, it serves as a payment mechanism for blockchain transaction fees and a governance token. For more information on Beam, please refer to Kraken's Crypto Asset Statement.

About Ondo (ONDO)

Ondo (ONDO) is a decentralized finance (DeFi) protocol that aims to democratize access to institutional-grade financial products and services. Its focus lies in integrating real-world financial instruments into the blockchain ecosystem. Ondo serves as a governance token, granting holders voting rights on proposals that shape the protocol's future. For more information on Ondo, please refer to Kraken's Crypto Asset Statement.

Kraken's Commitment to New Assets

Kraken continuously evaluates and explores the addition of new cryptocurrencies to its platform. However, the exchange maintains a strict policy of not disclosing details about upcoming asset listings until shortly before launch. A comprehensive list of all available assets on Kraken can be found here. Announcements regarding future token additions will be made through Kraken's blog and social media channels.

Regulatory Compliance

Kraken is committed to operating in full compliance with all applicable laws and regulations. Payward Canada Inc., operating as Kraken, has filed an application for registration in certain Canadian jurisdictions and is abiding by the terms of an undertaking until registration is obtained.

Important Disclaimer

This announcement is for general informational purposes only and should not be construed as investment advice or a recommendation to buy, sell, stake, or hold any cryptoasset. Kraken does not engage in activities designed to influence the price of any cryptoasset. Some crypto products and markets may be unregulated, and users may not be protected by government compensation or regulatory protection schemes. The cryptoasset market is highly volatile, and users may lose funds due to price fluctuations. Tax implications may arise from any returns or value increases related to cryptoassets, and independent tax advice is recommended. Geographic restrictions may apply.