KEY ($0.00) TAKEAWAYS
- Kraken has announced the listing of Mantra (OM ($7.59)) for trading, starting February 19, 2025, enhancing its DeFi offerings.
- Users can trade OM on Kraken’s main platform, with app and Instant Buy options available once liquidity is sufficient.
- Mantra’s OM token is crucial for transactions, governance, and rewards within its DeFi platform, promoting community involvement.
- Kraken plans to expand its asset listings, advising users to monitor their Listings Roadmap for updates.
Kraken, a prominent cryptocurrency exchange, has announced the listing of Mantra (OM) for trading. The trading of OM will commence at 15:00 UTC on February 19, 2025. This addition allows users to engage with OM, a token integral to the Mantra DeFi platform.
To begin trading OM, users can add the asset to their Kraken account by navigating to the Funding section, selecting OM, and proceeding with the deposit. It is crucial for users to ensure that deposits are made using networks supported by Kraken, as deposits via unsupported networks may result in loss.
Trading and Accessibility
OM trading will initially be available through Kraken’s main platform. Trading via the Kraken App and Instant Buy will be enabled once liquidity conditions are met. This means that a sufficient number of buyers and sellers must be present in the market to facilitate efficient order matching. Users should also be aware that geographic restrictions may apply.
Mantra is a decentralized finance (DeFi) platform offering services such as staking, lending, and governance. The OM token plays a vital role in facilitating transactions, governance, and rewards within the platform, promoting community-driven decision-making.
Future Asset Listings
Kraken has indicated that more assets will be made available in the future. However, the exchange maintains a policy of not disclosing details about potential listings until shortly before their launch. Users can stay informed about new listings by checking Kraken’s Listings Roadmap and social media profiles.
For more information on the OM listing, visit the official announcement here.
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