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Home»BITCOIN NEWS»USDC deposits and withdrawals are now available on Optimism!
BITCOIN NEWS

USDC deposits and withdrawals are now available on Optimism!

By Crypto FlexsDecember 6, 20232 Mins Read
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USDC deposits and withdrawals are now available on Optimism!
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We are excited to announce that Kraken now supports deposits and withdrawals. USD Coin (USDC) on optimism!

funding

USDC funding through Optimism is already underway. You can transfer USD Coin (USDC) to your Kraken account by going to: funding Select USDC. From here, use the drop-down box to select your preferred deposit method (network). optimism.

Note: Kraken currently supports two versions of USDC: USDC.e and Optimism’s native USDC.

Is USDC for Optimism? ⤵️

Here’s what you need to know about assets:

USD Coin (USDC) It is a USD-based stablecoin backed by the US dollar. Transactions are faster and more cost-effective than traditional banking options. Each USD coin is valued at one US dollar, effectively providing a price-stable cryptocurrency. Learn how to add USDC to your cryptocurrency portfolio with our Learning Center article. How to Buy USD Coin (USDC).

Optimism (OP) It is a layer 2 scaling solution implemented on the Ethereum network. It alleviates congestion on the Ethereum mainnet and lowers transaction fees by aggregating multiple transactions using a technique called optimistic rollups. OP is Optimism’s native governance token, allowing OP token holders to participate in decisions regarding the future direction, upgrades, and parameters of the protocol.

Ready to deposit but don’t have a Kraken account yet? Join now!

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.


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.

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