Kraken adds Conflux token to trading platform

Kraken has added Conflux (CFX) to its list of tradable assets, opening deposits and trading for the token.

Conflux is a permissionless Layer 1 blockchain that uses a hybrid proof-of-work and proof-of-stake consensus mechanism, and operates with low fees, no congestion and a focus on network security, the company said.

Kraken described Conflux as a regulatory-compliant public blockchain in China and highlighted partnerships with Shanghai, China Telecom, Little Red Book, McDonald's China and Oreo.

Funding and trading for CFX is live, the company said.

To add the asset, users should go to Funding, select CFX and choose Deposit.

Users must deposit tokens using networks supported by Kraken, as deposits made on other networks will be lost.

Trading via the Kraken app and Instant Buy will be available once liquidity conditions are met, the company said.

Geographic restrictions may apply.

Kraken said it will not disclose details about future listings until shortly before launch.

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All available tokens are listed on its tokens page and future additions will be announced on the Listings Roadmap and social media, the company said.

Client engagement specialists cannot answer questions about which assets may be considered for future listing, the firm said.

The Recap

• Kraken has made Conflux (CFX) available for trading.
• Deposits must use networks supported by Kraken or tokens lost.
• App and Instant Buy enabled once liquidity conditions are met.