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Notice of support for Lisk migration

Last updated: April 2, 2025

Update, July 15 @ 14:00 UTC

Kraken has now successfully completed the migration of LSK to the new ERC-20 LSK token on the Ethereum Mainnet, and LSK (LSK/USD, LSK/EUR) trading has been re-enabled.

All users who held a LSK balance on May 20, 2024 14:30 UTC, when we took our migration snapshot in preparation for this migration, will see their previous balance reinstated within their portfolio.

Kraken will endeavor to support the new ERC20 LSK (LSK2) token on the Ethereum mainnet, pending completion of our review. We will keep clients informed of this process.

Due to the upcoming transition, we will remove the original Lisk (LSK) from our trading platform.

Here is what you need to know:

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    As of May 20th at 14:30 UTC, Kraken will halted funding and trading for LSK in anticipation of the LSK snapshot.

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    Should clients want to qualify for LSK-related snapshots, we encourage you to follow the guidelines set out by the Lisk team.

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    Kraken supported the new ERC20 LSK (LSK2) and exchange balances at a 1:1 ratio.

Note: Kraken will not support the Klayr token.

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These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. 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.

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