This development is a major milestone for Kraken and the Wormhole project. It enhances the Wormhole token’s accessibility and utility in the crypto ecosystem.
Starting from today, funding for Wormhole (W) is officially live, with trading set to commence on April 3rd.
Expanding Wormhole’s Reach on Kraken
Wormhole stands out in crypto for its innovative blockchain interoperability. It enables easy asset transfers across blockchains, aiming for a more connected, efficient ecosystem. Wormhole (W) on Kraken broadens the token’s exposure. It gives users a chance to engage with a leading-edge project.
✔️ Deposit and withdrawal enabled
🗓️ Trading starts April 3*Geographic restrictions apply
Start here ⤵️https://t.co/DzvWWZl6Kt pic.twitter.com/iBeLOINvsC
— Kraken Pro (@krakenpro) April 2, 2024
It’s important to note that Wormhole (W) should only be deposited on the Solana network. This step showcases Wormhole’s interoperability, using Solana’s fast blockchain for transactions.
Once liquidity is sufficient, Wormhole (W) trading will open on the Kraken App and Instant Buy. This phased rollout approach ensures that the trading environment is primed for optimal activity and user experience. Kraken’s launch of Wormhole (W) trading reaffirms its commitment to seamless trading experiences.
Traders and investors need to be aware that the availability of Wormhole (W) on Kraken comes with certain geographic restrictions. The service will not be available to users based in the United Kingdom and Canada due to regulatory considerations. Users from these regions will need to explore alternative platforms or wait for potential future expansions of service availability.
Disclaimer
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