Kraken Adds 3 DeFi Tokens – COMP, KAVA, KNC

Riding the surge of interest in yield farming, cryptocurrency exchange Kraken is listing three tokens from the world of decentralized finance.

AccessTimeIconJul 14, 2020 at 4:12 p.m. UTC
Updated Sep 14, 2021 at 9:30 a.m. UTC

Riding the surge of interest in yield farming, cryptocurrency exchange Kraken is listing three tokens from the world of decentralized finance (DeFi).

  • Compound (COMP), Kava (KAVA) and Kyber Network (KNC) will be listed by Kraken starting July 15, the company announced Tuesday in a blog post.
  • COMP is the governance token that kicked off DeFi's recent boom. Following its June 15 debut, the token was promptly added by Coinbase and others.
  • Kava is a DeFi platform backed by Binance, Huobi and OKEx.
  • Kyber Network is a decentralized exchange (DEX) whose KNC token became the runaway hit of early 2020. The firm recently announced the creation of a new type of yield farming, in which it would share trading fees with KNC token holders.
  • In addition to the three DeFi tokens, Kraken announced it will also list Storj (STORJ), a token that powers a blockchain-based data storage network.

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