Kraken Unveils CYBER and VELODROME: Revolutionizing Crypto Trading

Kraken, a leading cryptocurrency exchange, has announced the availability of two new assets for trading: CYBER and VELODROME. Starting from 15:00 UTC on February 18, 2025, users can begin trading these assets on the platform.

CYBER is a next-generation blockchain optimized for social applications. It offers a frictionless user experience through native account abstraction and seedless wallets. Built on EigenDA, CYBER ensures high transaction processing speed, low costs, and ETH staking security. It enables native yield on bridged assets, aligns with the OP Stack, and features decentralized infrastructure for reduced risk.

VELODROME Finance is the first MetaDEX, offering low-fee swaps, rewards for liquidity providers, and on-chain governance. Designed for endurance, it channels 100% of fees to users, aligns incentives for efficiency, and ensures interoperability. Built without venture capital funding or token sales, Velodrome operates as a permissionless, public-good liquidity infrastructure.

Kraken has not revealed any details about future assets it may make available for trading. The exchange's policy is to keep such information confidential until shortly before launch. All available tokens and future announcements can be found on the Kraken website and social media channels.

It is important to note that these materials are for general information purposes only and are not investment advice or a recommendation to buy, sell, stake, or hold any cryptoasset. Kraken does not work to increase or decrease the price of any particular cryptoasset it makes available. 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. Geographic restrictions may apply.