KII is available for trading!
Kraken has listed KII, the native token of KiiChain, a proof-of-stake Layer 1 blockchain designed for cross-border payments and stablecoin liquidity.
Kraken announced the addition of KII to its trading platform, enabling users to deposit, withdraw and trade the token. Deposits must be made via supported networks to avoid loss, as Kraken does not recover tokens sent through unsupported routes. The exchange outlined the process for adding KII to user accounts, requiring selection under the Funding tab and confirmation of the deposit network. KII’s integration follows Kraken’s standard asset listing procedures, with no additional conditions specified for trading pairs or availability regions.
KiiChain, the blockchain behind KII, operates as a proof-of-stake Layer 1 network built to function as an onchain foreign exchange layer for stablecoins and real-world assets. Its primary use case involves connecting global stablecoin liquidity—such as USDT and USDC—with locally denominated stablecoins in emerging markets. The protocol supports cross-border payments, remittances, trade settlement and fiat swaps, aiming to bridge traditional financial systems with decentralized infrastructure.
The blockchain employs a hybrid matching engine that aggregates onchain liquidity across multiple ecosystems while relying on centralized pricing to hedge and rebalance positions. This design allows KiiChain to operate continuously, including on trading pairs that typically function only during business hours in traditional markets. KiiChain is built on the Cosmos SDK and maintains Ethereum Virtual Machine (EVM) compatibility, enabling the execution of Solidity smart contracts and interoperability with other networks via the Inter-Blockchain Communication (IBC) protocol.
KII has a fixed total supply of 1.8 billion tokens, with minting permanently disabled at the protocol level. The token serves multiple functions, including gas fees, staking and onchain governance within the KiiChain ecosystem. Kraken confirmed that future asset listings would be announced through its Listings Roadmap and official social media channels, with no further details provided about potential additions.