You can now trade the following pairs via RFQ within the OTC portal:
| basic asset | pair |
| appropriate | AUD, CAD, EUR, GBP, USD, USDC, USDT |
| ARB | AUD, CAD, EUR, GBP, USD, USDC, USDT |
| INJ | AUD, CAD, EUR, GBP, USDC, USDT |
| Tia | AUD, CAD, EUR, GBP, USD, USDC, USDT |
Here’s what you need to know about APT, ARB, INJ, and TIA.
Apartment (APT) It is a decentralized blockchain and scalable Web3 infrastructure. Aptos’ parallel execution engine and modular design allows for high transaction throughput and low latency. APTOS is the blockchain’s native token used to pay network transaction fees, earn rewards for protocol security through staking, and vote on decisions affecting the future of the platform.
Arbitrage (ARB) It is a layer 2 (L2) blockchain protocol built on top of the Ethereum blockchain, allowing Ethereum transactions to be processed more efficiently. By increasing the transaction volume and processing speed that Ethereum can handle, Arbitrum has the added benefit of reducing transaction costs, known as gas fees, associated with using Ethereum and various decentralized applications.
Arbitrum also allows developers to create and run their own Ethereum-compatible smart contracts. It can be programmed to run decentralized applications that can interact with the wider Ethereum ecosystem without compromising the performance of the main blockchain.
Injection (INJ) It is a decentralized exchange (DEX) that provides various functions such as cross-chain margin trading, derivatives, and foreign exchange futures trading. Built on the Cosmos blockchain, an L2 application, Injective uses bridges to provide cross-chain functionality that allows traders to transact on other networks. The exchange is powered by INJ tokens, Injective’s native cryptocurrency, which is used by makers and takers to pay trading fees on the network.
Celestia (TIA) Celestia is a modular data availability network that securely scales with the number of users, making it easy for anyone to launch their own blockchain.
Who can transact through RFQ?
Kraken OTC’s RFQ system is available to OTC customers. To register for Kraken OTC, you must be a Pro certified Kraken client. Once these steps are complete, contact the OTC desk to get started.
Existing institutional customers can sign up for Kraken OTC by speaking with their account manager.
What is Kraken OTC?
Kraken OTC offers premium trading services that allow you to execute orders of $100,000 or more on public exchanges. Whether trading via chat or our RFQ system, OTC clients have access to abundant liquidity and competitive execution and settlement services 24/7.
These materials are provided for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptocurrency or to engage in any particular trading strategy. Kraken does not and will not seek to increase or decrease the price of any particular cryptocurrency it offers. Some cryptocurrency products and markets are unregulated and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptocurrency market may result in loss of funds. Taxes may be levied on the appreciation and/or reporting of your cryptocurrency assets and you should seek independent advice regarding your tax position. Geographic restrictions may apply.