Kraken Add and Remove Trading Pairs

Kraken Add and Remove Trading Pairs

The team at Kraken has been adjusting the pairs available on their platform with some new ones added and some old ones removed.

The pairs available will become available as of next Thursday, 19th December, when in total 10 new pairs will become available and 5 others will be discontinued on the platform. However, this won’t see any tokens listed on their platform, which they have been adding to a lot recently, with them simply reshaping the trading options available to make the platform have better opportunities and more efficient channels by which to trade via.

The 10 new pairs that will be added are as follows:

  • USDT/EUR, USDT/CAD, USDT/GBP
  • XBT/USDT, ETH/USDT
  • XBT/DAI
  • MLN/USD, MLN/EUR
  • XDG/USD, XDG/EUR

You will notice that the first three pairs all between Tether and fiat currencies, such as EUR, CAD and GBP. It’s worth noting that these pairs, do not count towards your 30-day volume and so all cannot be used for trading volume discounts. This is how the new levels for this pairings will look like once they go live next week.

Currency Pairs Price Precision Trading Min
USDT/EUR 4 5
USDT/CAD 4 5
USDT/GBP 4 5
XBT/USDT 1 0.002
ETH/USDT 2 0.02
XBT/DAI 1 0.002
MLN/USD 3 0.1
MLN/EUR 3 0.1
XDG/USD 7 3000
XDG/EUR 7 3000

While the platform will see the following tokens removed from their platform:

  • EC/JPY
  • XTZ/CAD
  • ATOM/CAD
  • ADA/CAD
  • QTUM/CAD

The reason for the choice to remove this was based on the fact that were showing a low frequency of trading volume. As such, it would appear that it won’t be a major blow for most traders on the platform as they were seldom being used anyway.

However, if you do have any open orders with these tokens that is advisable that you cancel them ahead of the Thursday cut-off line as if you fail to do so then they will be cancelled for you by the platform.

If you would like any more information about these new additions, or why these others are being removed, as well as if you need any help cancelling them before the deadline, then Kraken’s customer support team will be on hand to assist with you any queries you might have.

Another thing that you may want to look into when you head over to Kraken is their new staking feature of the Tezos token. This went live earlier this week and promises you as much as 6% of the funds you stake simply for merely keeping them in an on-site staking wallet. This is yet another new reason to join the Kraken trading platform.

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