Kraken Lists ACX, CLV, and FLUX for Trading – BitRss

Kraken has announced the addition of three new cryptocurrencies—Across Protocol (ACX), Clover Finance (CLV), and Flux (FLUX)—to its trading platform. Trading for these assets went live at 15:00 UTC on February 5, 2025. The announcement was made here.

To begin trading, users can deposit these assets into their Kraken accounts by navigating to the Funding section, selecting the desired asset, and clicking ‘Deposit’. It is crucial to ensure that deposits are made using networks supported by Kraken, as deposits on unsupported networks may result in loss of funds.

Asset Details and Trading Conditions

Across Protocol (ACX) is a cross-chain bridge that facilitates low-cost asset transfers between Ethereum and other blockchains. It utilizes UMA ($1.63)’s optimistic oracle for secure and efficient transactions. The ACX token governs the protocol, managing the DAO ($1.96)’s treasury and decision-making processes.

Clover Finance (CLV) operates as a Substrate-based Layer 1 chain, compatible with the Ethereum Virtual Machine (EVM) and designed for cross-chain interoperability. As a Polkadot Parachain, it supports decentralized applications and has seen over 350,000 CLV wallet downloads.

Flux (FLUX) powers the Flux ecosystem, which supports decentralized computing and Web3 development. It fuels FluxOS and rewards miners and node operators, contributing to a decentralized cloud network known as FluxCloud.

Trading via the Kraken App and Instant Buy will be available once liquidity conditions are met, ensuring efficient order matching. Users should be aware of potential geographic restrictions that may apply.

Future Asset Listings

Kraken has indicated that more assets will be made available in the future, although specific details are not disclosed until shortly before launch. All current and future tokens can be tracked on Kraken’s Listings Roadmap and social media profiles.

For those interested in trading these new assets, it is important to note that Kraken provides general information only and does not offer investment advice. The unpredictable nature of cryptocurrency markets can lead to financial loss, and users should seek independent advice regarding their taxation positions.

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