Kraken enables HSK trading, bringing HashKey platform token onto its spot venue
The listing includes trading pairs for HSK against the US dollar and
Cryptocurrency exchange Kraken has listed HSK, the platform token of HashKey Group, for spot trading, with funding and trading live on Monday (Jan 26).
The listing includes trading pairs for HSK against the US dollar and euro. Kraken said that HSK deposits must be made using networks it supports, warning that deposits via unsupported networks will be lost.
HSK serves as the native gas token for HashKey Chain, a public blockchain which the company said is focused on financial and real-world asset applications. Gas tokens are used to pay transaction fees on blockchains, meaning HSK is required for activity on HashKey Chain in addition to its trading function.
According to Kraken, the token is designed for use across HashKey businesses, including paying platform service fees, accessing token sales, participating in governance, and earning rewards.
Trading via Kraken’s mobile app and Instant Buy service will be enabled once liquidity conditions are met. The company said this may delay full retail access despite the spot listing going live.
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Kraken also noted that geographic restrictions may apply depending on user location and product availability.
The exchange reiterated that it does not announce listings in advance and advised clients to monitor its Listings Roadmap and social media channels for updates. “Our client engagement specialists cannot answer any questions about future asset additions,” it said.
The Recap
- Kraken made HSK available for trading on 26 January.
- HSK is HashKey Group’s platform and native gas token.
- App and Instant Buy enabled once liquidity conditions are met.
