Bifrost (BNC) will be listed on Kraken Exchange

Kraken is thrilled to announce they now supports Bifrost (BNC)!

• Deposits and withdrawals are available starting now. 
• Trading will begin October 26 at approximately 15:30 UTC.
• Clients who contributed to Bifrost’s Parachain Auction on Kraken have now received BNC rewards in their Kraken account. Get full details on the rewards distribution on their Support Center.

Note: Trading is not available to residents of the USA, Canada, Australia and Japan.

What is Bifrost?

Bifrost provides staking liquidity to anyone accessing its network. This means token holders can stake any cryptocurrency, such as DOT or ETH, on the Bifrost platform and receive a vToken of equal value (vDOT or vETH), allowing them to access decentralized finance applications while still receiving staking rewards.

Will I receive BNC for contributing to the auction?

What time will funding and trading start?

Deposits and withdrawals are live! Trading starts on October 26, at approximately 15:30 UTC.

Trading pairs for BNC

• BNC/USD
• BNC/EUR

How to deposit BNC

1. Navigate to Funding and click on Deposit. You can find the asset either by locating it in the list or by searching for “BNC.”
2. Click “Deposit” next to BNC and follow the on-screen instructions.

Confirmations required before deposits credit

• 25 (about 4 minutes)

Trading minimums

• 1 BNC (price precision $0.01 / €0.01)

Fees and funding minimums 

• Deposit fees and minimums
• Withdrawal fees and minimums

Which services will be available for BNC?

Available

• Kraken
• Kraken Terminal

Not (yet) available

• Kraken Futures
• Margin trading

Will Kraken list more assets?

Yes! But their policy is to never reveal any details until shortly before launch – not even which assets they are considering. All of Kraken’s listed tokens are available on their website, and all future tokens will be announced on Kraken’s blog and social media profiles. Their client engagement specialists cannot answer any questions about which assets they may be listing in the future.

Trade with caution

Limit orders are recommended when trading starts since the markets may be illiquid initially. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss).

Invest with caution

Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.

📰 INFO 

https://blog.kraken.com/post/11639/bifrost-bnc-trading-starts-october-26-deposit-now/