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Merlin Chain (MERL) Begins Trading on Kraken
Generated by AI AgentCoin World
Thursday, Jul 3, 2025 9:17 am ET1min read
Merlin Chain (MERL) is now available for trading on Kraken, marking a significant development in the cryptocurrency market. The trading of MERL commenced on Thursday, July 3, 2025, allowing users to add the asset to their Kraken accounts by navigating to the Funding section, selecting the asset, and initiating a deposit. It is crucial for users to ensure that their tokens are deposited into networks supported by Kraken, as deposits made using other networks will be lost.
Merlin Chain (MERL) is a Layer 2 solution designed to enhance the capabilities of the
ecosystem. The protocol leverages technologies such as ZK-Rollups, decentralized networks, and fraud proofs to support scalability and utility. By enabling native Bitcoin assets and protocols to operate on Layer 2, Merlin Chain aims to facilitate broader application development and increase the functionality of Bitcoin Layer 1 infrastructure. This advancement is expected to drive innovation and expand the use cases within the Bitcoin network.Trading of MERL via the Kraken App and Instant Buy will be available once liquidity conditions are met, which requires a sufficient number of buyers and sellers to enter the market for their orders to be efficiently matched. Additionally, geographic restrictions may apply, limiting access to the trading of MERL in certain regions. Kraken's policy is to announce new assets shortly before their launch, and all available tokens can be found on their platform. Future tokens will be announced on their Listings Roadmap and social media profiles, ensuring transparency and keeping users informed about upcoming additions to their trading platform.
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