We are excited to announce that Kraken now supports deposits and withdrawals from Ethereum (ETH) on Arbitrum!
Arbitrum is a Layer 2 (L2) blockchain protocol built on top of the Ethereum blockchain that allows Ethereum transactions to be processed more efficiently.
By increasing the number of transactions Ethereum can process, as well as the speed at which it can process them, Arbitrum has the added benefit of reducing transaction costs, known as gas costsassociated with the use of Ethereum and its various decentralized applications.
Arbitrum also allows developers to create and run their own compatible Ethereum smart contracts. These can be programmed to run decentralized applications that can interact with the larger Ethereum ecosystem without slowing down the performance of the main blockchain.
Funding is already live. You can transfer Ethereum (ETH) to your Kraken account by accessing Fundingby selecting ETH and in the drop-down list the desired deposit method (network): Arbitrum One Network.
Note: ETH deposits and withdrawals on Abritrum through the Kraken Pro app and the Kraken app will not be available at launch.
Do you have ETH (Ethereum) on Arbitrum and a Kraken account? ⤵️
Here’s what you need to know about assets:
Ethereum (ETH) is an open source global platform for decentralized applications. Ethereum is a trustless, decentralized and secure marketplace for financial services, games and applications. ETH is the cryptocurrency that powers the Ethereum network. It is used to pay for transactions, as a store of value or peer-to-peer payment method, or as collateral to generate entirely different crypto tokens that run on Ethereum. Learn how to add ETH to your crypto wallet with our Learn Center article How to buy Ethereum (ETH).
Ready to deposit but don’t have a Kraken account yet? register today!
Will Kraken make more assets available?
Yes! But our policy is not to reveal any details before launch, including the assets we are considering. All available Kraken tokens can be found here, and all future tokens will be announced on Kraken’s blog and social media profiles. Our customer engagement specialists cannot answer any questions about any assets we may make available in the future.
Trade with caution
There is no guarantee that a limit order will be executed. There is also no guarantee that a market order will be executed at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.
These materials are for general informational purposes only and do not constitute investment advice or a recommendation or solicitation to buy, sell, bet or hold any crypto-asset or to engage in any strategy. specific trading. Some crypto products and markets are unregulated and you may not be protected by government indemnities and/or regulatory protection schemes. The unpredictable nature of crypto-asset markets can lead to loss of funds. Tax may be due on any return and/or increase in value of your crypto-assets and you should seek independent advice on your tax position. Geographic restrictions may apply.