We are excited to announce that Kraken now supports deposits and withdrawals. Ethereum (ETH) in the zkSync era!
What is zkSync Era?
zkSync Era is an Ethereum virtual machine compatible layer 2 rollup protocol from Matter Labs. Previously known as zkSync 2.0, the project was rebranded as zkSync Era in February 2023. ZkSync Era uses zero-knowledge (ZK) rollups to significantly improve Ethereum’s transaction throughput capabilities and lower fees.
Era ZK Rollup works by batching transactions and validating them off-chain (separate from Ethereum’s blockchain). The operator generates a single cryptographic proof, known as a compact non-interactive argument of knowledge (SNARK), for a block of transactions and submits it on-chain to the Ethereum blockchain.
Unlike other Ethereum Layer-2 protocols, zkSync is EVM compatible. This means it can be easily integrated with Ethereum’s existing project ecosystem and decentralized applications.
funding
ETH funding using zkSync Era is already underway. You can transfer Ethereum (ETH) to your Kraken account by going to: fundingselect ETH Enter your preferred deposit method (network) in the drop-down box. The zkSync era.
Note: Alpha stage security measures require 7,200 confirmations (typically 24 hours) at layer 1 before funds can be traded.
Is there ETH in zkSync Era? ⤵️
Here’s what you need to know about assets:
Ethereum (ETH) A global open source platform for decentralized applications. Ethereum is a trustless, decentralized, and secure marketplace for financial services, games, and apps. ETH is a cryptocurrency that supports the Ethereum network. It is used to pay transaction costs, acts as a store of value, a peer-to-peer payment method, or as collateral to create completely different crypto tokens running on Ethereum.
Learn how to add ETH to your cryptocurrency portfolio with our Learning Center article. How to purchase Ethereum (ETH).
Ready to deposit 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 Kraken’s blog and social media profiles. Our Customer Engagement Specialists are unable to answer questions about what assets we may offer in the future.
Trade with caution
There is no guarantee that limit orders will be executed. There is no guarantee that a market order will be executed at a specific price. The availability and liquidity of a particular digital asset affects these types of orders.