Kraken Adds 3 DeFi Tokens – COMP, KAVA, KNC

Riding the surge of interest in yield farming, cryptocurrency exchange Kraken is listing three tokens from the world of decentralized finance.

Jul 14, 2020 at 4:12 p.m. UTC

Updated Sep 14, 2021 at 9:30 a.m. UTC

3tokensMosh2 — (The Trustees of the British Museum, modified using PhotoMosh)

Riding the surge of interest in yield farming, cryptocurrency exchange Kraken is listing three tokens from the world of decentralized finance (DeFi).

Compound (COMP), Kava (KAVA) and Kyber Network (KNC) will be listed by Kraken starting July 15, the company announced Tuesday in a blog post.
COMP is the governance token that kicked off DeFi's recent boom. Following its June 15 debut, the token was promptly added by Coinbase and others.
Kava is a DeFi platform backed by Binance, Huobi and OKEx.
Kyber Network is a decentralized exchange (DEX) whose KNC token became the runaway hit of early 2020. The firm recently announced the creation of a new type of yield farming, in which it would share trading fees with KNC token holders.
In addition to the three DeFi tokens, Kraken announced it will also list Storj (STORJ), a token that powers a blockchain-based data storage network.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.