Kraken lists CASH stablecoin
CASH is now tradable on Kraken and deposits are open for supported networks.
Kraken has listed the stablecoin CASH for trading on its exchange.
The company said in a statement that CASH trading went live on 27 January.
The company said CASH is a fully backed, open-loop stablecoin built by Bridge and Phantom for use in crypto and traditional payments. It added that businesses and platforms originating CASH receive 100% of net revenue. The company said CASH will be accepted across Stripe’s global merchant network and made available to Phantom’s users worldwide.
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The company said users can add CASH by navigating to Funding, selecting the asset and hitting “Deposit.” It warned that deposits sent over networks Kraken does not support will be lost.
The company said trading via the Kraken App and Instant Buy will be available once liquidity conditions are met. It said geographic restrictions may apply and that it will not reveal details of future listings until shortly before launch; client engagement specialists cannot answer questions about potential listings.
The Recap
- Kraken listed the CASH stablecoin for trading on its exchange.
- Trading went live on 27 January and is available now.
- App and Instant Buy will open after liquidity conditions are met.
