You can trade USDG!
We are excited to announce that you can now trade the Global Dollar ($USDG) on Kraken!
Funding and Transactions
$USDG trading will begin on November 4, 2024 at 21:00 PM (UTC).
To add assets to your Kraken account, go to Funding, select the assets you want and hit ‘Deposit’.
Make sure you deposit your tokens on a network supported by Kraken. Deposits made using other networks will be lost.
The new token will be tradable on Kraken and Kraken Pro using the following parameters:
| legacy | pair | Price decimal precision | Minimum order size | Minimum deposit amount |
|---|---|---|---|---|
| USDG | USD, USDC | 5 | 5 | 5 |
memo:
- Once liquidity conditions are met, trading will become available through the Kraken app and Instant Buy. (when a sufficient number of buyers and sellers enter the market for orders to be matched efficiently)
- $USDG is currently not available in CA, all European Economic Area (EEA) countries, and the United Kingdom.
Additional information about this asset is below:
Global Dollar (USDG): 1USDG = 1USD. Built to drive global stablecoin adoption, USDG is an ERC-20 token built on the Ethereum platform that aims to maintain a price of 1 USD per 1 USDG. According to issuer Paxos, this is achieved by holding reserves equivalent in value to US dollar-denominated assets.
Ready to trade but don’t have a Kraken account yet? Join now!
Will Kraken have more assets available?
yes! However, our policy is not to disclose any details, including the assets we are considering, until shortly before launch. All of Kraken’s available tokens can be found here, and all future tokens will be announced on the listing roadmap and social media profiles. Our Customer Engagement Specialists are unable to answer questions about what assets we may offer in the future.
These materials are provided for general information purposes only and do not constitute investment advice or a recommendation or solicitation to buy, sell, own any cryptocurrency, or engage in any particular trading strategy. Kraken makes no representations or warranties of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of such information and will not be liable for any errors, omissions, delays or losses in this information. Injury or damage resulting from display or use. Kraken does not and will not seek to increase or decrease the price of any particular cryptocurrency it offers. Some cryptocurrency products and markets are unregulated and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptocurrency market may result in loss of funds. Taxes may be payable on the appreciation and/or declaration of the value of your cryptocurrency assets and you should seek independent advice on your tax position. Geographic restrictions may apply. Due to its partnership with the Global Dollar Network, Kraken benefits economically with respect to the amount of USDG minted, stored on the platform, and received as on-chain transfers.
