New OTC Portal pairs accessible for ETH, INJ and SOL

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Now accessible to commerce through RFQ inside the OTC Portal:

Base asset Pair
ETH BTC
INJ USD
SOL BTC, ETH

Right here’s what that you must learn about ETH, INJ and SOL:

Ethereum (ETH) is a worldwide, open-source platform for decentralized functions. Ethereum is a market of economic providers, video games and apps that’s trustless, decentralized and safe. ETH is the cryptocurrency powering the Ethereum community. It’s used to pay for transactions, as a retailer of worth or peer-to-peer cost methodology, or as collateral to generate totally totally different crypto tokens that run on Ethereum. 

Injective (INJ) is a decentralized change (DEX) that provides varied options reminiscent of cross-chain margin buying and selling, derivatives and foreign exchange futures buying and selling. Constructed on the Cosmos blockchain, a Layer 2 utility, Injective makes use of bridges to supply cross-chain capabilities for merchants to commerce throughout different networks. The change is operated by the INJ token, Injective’s native cryptocurrency, which is utilized by makers and takers to pay for transaction charges on its community.

Solana (SOL) is a blockchain platform aimed toward bettering person scalability. Solana is a blockchain platform that goals to extend person scalability by means of quicker transaction settlement instances and a versatile infrastructure. The SOL cryptocurrency performs a key position in sustaining and working the Solana ecosystem and is used to execute good contracts, ship transactions, and incentivize actors that help the community.

Who can commerce through RFQ?

Kraken OTC’s RFQ system is on the market to OTC shoppers. To onboard to Kraken OTC, you should be a Professional-verified Kraken consumer. As soon as this step is full, attain out to the OTC desk to get began. 

Current institutional shoppers can converse with their Account Supervisor to onboard to Kraken OTC.

What’s Kraken OTC?

Kraken OTC affords premium buying and selling providers to execute orders over $100,000 off the open change. OTC shoppers acquire 24/7 entry to deep liquidity and aggressive execution and settlement providers whether or not buying and selling over chat or our RFQ system.

These supplies are for common info functions solely and usually are not funding recommendation or a suggestion or solicitation to purchase, promote, stake or maintain any cryptoasset or to have interaction in any particular buying and selling technique. Kraken doesn’t and won’t work to extend or lower the value of any specific cryptoasset it makes accessible. Some crypto merchandise and markets are unregulated, and also you might not be protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the cryptoasset markets can result in lack of funds. Tax could also be payable on any return and/or on any improve within the worth of your cryptoassets and it is best to search impartial recommendation in your taxation place. Geographic restrictions might apply.