Kraken begins supporting UNI and YFI
Kraken added two new tokens to its trading platform. UNI and YFI are added alongside FIL, which was announced a few days ago, and trading pairs are available to users.
Kraken again focused on the details of FIL's listing in the new ad:
Please note that FIL is a bit different from the other two because it is a 'mainnet list', which means that trading will start as soon as possible after Filecoin mainnet is activated and transfers are enabled In the net. This, together with the higher number of confirmations required to credit FIL deposits, means that FIL trading will start approximately 4 hours later than UNI and YFI.
The new listing on Kraken Exchange helps them attract more users and offer more versatile trading options. FIL, UNI and YFI are tokens with a lot of optimism among traders. Kraken backs them with famous crypto and fiat currencies: USD, EUR, BTC, and ETH.
Merchants can deposit the new tokens starting today. The deposition process is like other assets and can be done through the Funding menu on the Kraken platform. The number of confirmations required before deposit credit for each token is different. According to Kraken: Filecoin (FIL) needs 300 commits or about 2.5 hours, Uniswap (UNI) needs 30 commits or about 6 minutes, yearn.finance (YFI) needs 30 commits or about 6 minutes.
The trading minimums for each token are:
• Filecoin (FIL): 0.125 FIL
• Uniswap (UNI): 0.25 UNI
• annual financing (YFI): 0.0001
Kraken will support FIL, UNI and YFI on Kraken Exchange, Kraken Pro and OTC. Futures and margin trading platforms currently do not support these tokens. But perhaps the exchange is seriously hoping to support them.
YFI, FIL and UNI token holders can benefit from the great opportunity of the new listing on Kraken. New listings are often followed by high purchase requests and can generate considerable income for merchants. But Kraken, like any other cryptocurrency exchange, warns users about trading risks:
Limit orders are recommended when trading starts, as markets may not be liquid initially. Be very careful with market orders and orders that trigger market orders (eg stop loss).
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