Kraken lists Rain protocol's governance token for spot trading
The cryptocurrency exchange said trading of RAIN went live on 9 February
Kraken, the cryptocurrency exchange, has listed RAIN, the native token of the Rain protocol, with spot trading live since 9 February.
Rain is a decentralised prediction markets protocol that combines prediction markets with incentive-driven mechanisms, automated market maker architecture, decentralised oracle integration and transparent pricing.
The RAIN token serves as the protocol's utility and governance token and operates on Arbitrum, the layer-2 network built on Ethereum.
It is required to use Rain's application and to participate in protocol governance.
Kraken said users can deposit RAIN through the funding tab on its platform but warned that deposits must be sent via supported networks, as funds sent through unsupported networks will be lost.
The exchange said trading through its mobile app and instant buy feature will be enabled once liquidity conditions are met, meaning a sufficient number of buyers and sellers must enter the market for orders to be efficiently matched.
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Kraken added that geographic restrictions may apply to the listing.
The company said future token listings are announced shortly before launch on its listings roadmap and social media channels, and that its client engagement specialists are unable to disclose which assets are under consideration.
The Recap
- Kraken began trading RAIN on 9 February via its exchange.
- RAIN token operates on Arbitrum and serves governance functions.
- App and Instant Buy enabled after sufficient liquidity is reached.
