Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Read more

Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Warning: The value of your virtual currencies can rise or fall sharply, and your initial investment may be lost completely; virtual currencies are not covered by the guarantee funds that cover bank deposits; there is no legal mechanism on the virtual currencies market to prevent market manipulation or insider dealing; virtual currencies depend entirely on a specific computer technology and infrastructure, which in certain cases may be very recent and not yet adequately tested; if one loses the identification code or password giving access to the virtual wallet in which the virtual currency is stored, the currency held therein will be irretrievably lost; virtual currencies are currently accepted as a means of payment to a limited extent, and in most countries there is no legal obligation to accept them; for more information about the risks associated with an investment in virtual currencies, we advise you to read the Wikifin page What is a cryptocurrency? | Wikifin.

Important information on CQT (Covalent)

Last updated: 31 сакавіка 2025 г.

Update: New CQT snapshot date:

TL;DR: We are updating our CQT snapshot date to July 10 2024, 10:24 PM UTC. Any CQT held on Kraken at that time will be airdropped to CXT and deposited to users 1:1 on August 8 2024, 14:00 PM UTC.

We previously published our plan to use July 12 2024,12:00 PM UTC as the snapshot deadline for the airdrop of CQT to CXT, based on the information provided to us directly by the Covalent project team. The Covalent team has now independently decided to bring the snapshot date forward, despite our protests.

Covalent have now asked us to use the snapshot deadline of July 10 2024, 10:24 PM UTC as our cut-off for which CQT tokens will be included in the airdrop to CXT, and stated that the Covalent team will not provide CXT tokens to support clients impacted by this change in timings.

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Any user who held CQT tokens on Kraken at 10:24 PM UTC on July 10, 2024 will receive CXT tokens at a value of 1:1.
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Any CQT purchased on Kraken after 10:24 PM UTC on July 10, 2024 will not be swapped into CXT tokens because the purchase occurred after the snapshot deadline we have committed to with the Covalent team.

We will list CXT for trading on Kraken on August 8 2024, 14:00 PM UTC. Users who were captured within the July 10th snapshot will receive their full 1:1 allocation of CXT tokens in their balance when CXT is listed at this time.

The markets for CQT (CQT/USD, CQT/EUR) will remain live on Kraken, and we will make a public announcement if we choose to alter or delist the existing CQT markets on Kraken in future.

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 makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. 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.

Important information on CQT (Covalent)

Update: New CQT snapshot date:

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