Kraken Lists Orderly’s $ORDER Token for Trading on Its Global Exchange
New York, New York, April 24th, 2025, Chainwire
Global crypto exchange Kraken has announced that it is to list Orderly’s native token for trading. Set to go live on April 25, Kraken’s new $ORDER market will deepen liquidity for the DeFi token and enhance access to Orderly’s growing onchain ecosystem.
The $ORDER token plays a pivotal role in decentralizing Orderly’s web3 liquidity layer. In the process, it supports the protocol’s economic stability while incentivizing liquidity provision. $ORDER stakers earn 60% of all fees Orderly generates across its omnichain liquidity solution, which is used industry-wide by decentralized exchanges and perps protocols.
Kraken will become the 35th exchange to list $ORDER, signaling the token’s elevation into a leading DeFi asset that forms the gateway to Orderly’s growing liquidity layer. More than $100B in cumulative daily trading volume is executed via Orderly’s permissionless liquidity layer through the dozens of DEXs and protocols it supports.
Orderly Co-Founder Ran Yi said, “Kraken is the OG of crypto exchanges, having been there from the start, and it remains the preferred platform today for millions of retail and institutional traders. Its decision to list $ORDER is welcomed and aligns with Orderly’s goal of deepening liquidity for all crypto assets. Kraken’s listing will also provide a jumping-off point for users who wish to further explore opportunities for utilizing their $ORDER tokens for staking and to share in Orderly protocol revenue.”
More than 30 DeFi projects to date have integrated Orderly’s permissionless liquidity layer, which consolidates liquidity into a unified orderbook. This allows new DEXs and networks to launch with deep liquidity in place, providing a sustainable foundation with which to attract users while ensuring an optimum trading experience.
Over 20 top-tier market makers contribute liquidity to Orderly’s ecosystem, enabling onchain perps protocols to offer narrower spreads and traders to perform large swaps with minimal price impact. Orderly now supports over 110 markets, leveraging an orderbook design that delivers liquidity comparable to centralized exchanges. As more partners adopt Orderly’s infrastructure, its trading volume is expected to grow, further solidifying its position as the preeminent web3 liquidity layer.
Kraken’s decision to list $ORDER will support this goal while drawing further attention to Orderly’s decentralized liquidity solution and the opportunities for $ORDER stakers to capture the upside of the protocol’s further growth.
About Orderly
Orderly is the infrastructure that lets people trade anything, anywhere via a permissionless liquidity layer that delivers deep, unified liquidity across all blockchains through a single orderbook. Orderly ensures robust liquidity across major chains such as Solana, Sonic, Arbitrum, Base, Mantle, Ethereum Mainnet, OP, and Polygon, and grants traders and exchanges access to over 100 markets through their unified trading infrastructure.
Learn more: https://orderly.network/
Kraken
Kraken is one of the world’s largest digital asset exchanges and the leader in euro volume and liquidity. Its global client base trades more than 200 digital assets and 8 different fiat currencies, including GBP, EUR, USD, CAD, JPY, CHF AED and AUD. Founded in 2011, Kraken was one of the first exchanges to offer spot trading with margin, regulated derivatives and index services. Trusted by over 9 million traders and institutions around the world, Kraken offers professional, round the clock online support.
Learn more: https://www.kraken.com