KEY ($0.00) TAKEAWAYS
- Kraken has launched trading for four new cryptocurrencies: Bio Protocol, Sonic SVM, Swarms, and Vine.
- Users can deposit these assets into their Kraken accounts, ensuring they use supported networks to avoid loss.
- Trading via the Kraken App and Instant Buy will be available once liquidity conditions are met.
- Each new asset offers unique features, such as decentralized biotech research, high-speed execution for dApps, AI-driven automation, and decentralized media ownership.
Kraken has announced the addition of four new cryptocurrencies to its trading platform: Bio Protocol (BIO ($0.15)), Sonic SVM (SONIC), Swarms (SWARMS), and Vine (VINE). Trading for these assets went live at 15:00 UTC on February 4, 2025. This development allows users to engage with these innovative blockchain projects through the Kraken exchange.
To begin trading, users can add these assets to their Kraken accounts by navigating to the Funding section, selecting the desired asset, and clicking ‘Deposit’. It is crucial for users to ensure that deposits are made using networks supported by Kraken, as deposits made through unsupported networks may result in loss.
Trading via the Kraken App and Instant Buy will become available once liquidity conditions are met. This means that a sufficient number of buyers and sellers must be present in the market for orders to be efficiently matched. Additionally, geographic restrictions may apply to some users.
Exploring the New Assets
Bio Protocol (BIO) is a blockchain-powered ecosystem focused on decentralized biotech research and bioinformatics. It facilitates secure data sharing and tokenized funding for scientific projects, while also incentivizing collaboration within the life sciences industry. BIO token holders can participate in governance and access exclusive biotech-related services within the protocol.
Sonic SVM (SONIC) operates as a high-speed execution layer optimized for decentralized applications using the Solana Virtual Machine (SVM). It offers near-instantaneous transactions, low fees, and seamless interoperability with Solana’s ecosystem, making it suitable for next-generation DeFi, gaming, and high-performance blockchain applications.
Swarms (SWARMS) is a decentralized AI and automation network designed for collaborative machine learning and autonomous agent coordination. It enables secure data processing across distributed networks, supporting intelligent swarm-based decision-making for DeFi, smart infrastructure, and AI-driven decentralized applications.
Vine (VINE) is a blockchain-based social and content creation platform that promotes decentralized media ownership. It allows creators to tokenize their content, engage in direct monetization, and build community-driven ecosystems without relying on traditional platforms. VINE facilitates fair revenue sharing and censorship-resistant content distribution.
For more information on the new listings, visit the official announcement here.
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The post Kraken Lists New Crypto Assets: BIO, SONIC, SWARMS, and VINE Now Available for Trading appeared first on CoinsHolder.
