We’re thrilled to announce that Parallel Finance (PARA) starts trading on Kraken today!
Funding and trading
Add PARA to your Kraken account by navigating to Funding, selecting Parallel Finance, and then Deposit. Trading begins September 7.
Here’s what you need to know:
| Ticker | PARA |
| Tradable against | EUR, USD |
| Price precision | 1 decimal places |
| Minimum Order Size | 500 |
| Minimum Deposit | 50 |
| Deposit confirmations required | 25 confirmations (6 minutes) |
| Not available in | United States, Canada, Japan |
| Services available | Kraken, Kraken Pro |
Keep an eye on our status page for updates.
Note:
- Trading via the Kraken app and instant buy will be available once liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market and orders can be efficiently matched)
What is Parallel Finance (PARA)?
Parallel Finance is a DeFi ecosystem launched on the Polkadot and Kusama networks. The platform features a suite of interoperable decentralized applications (dApps) and derivative tokens that allow users to borrow, lend, swap and earn yield on cross-chain assets. PARA is the native token of the project used to pay transaction fees on the platform, incentivize validators to help secure the network, earn rewards via staking and vote on decisions that affect the future direction of the protocol.
Will Kraken make more assets available?
Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future.
Trade with caution
There is no guarantee that a limit order will execute. There is also no guarantee a market order will execute at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell or hold any digital asset or to engage in any specific trading strategy. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position.