Kraken Lists ONEchain Token ONE for Trading
Kraken has launched funding and spot trading for ONEchain’s native token, ONE, on September 9, 2026. ONE is the utility and governance token of ONEchain, an EVM-compatible Layer 1 blockchain focused on on-chain gaming.
ONE is used to pay gas fees, stake or delegate to validators, participate in governance, and deploy games and applications. The network uses Proof of Staked Authority consensus with BLS signatures and has an EVM chain ID of 612055.
ONEchain’s Mainnet 2.0 upgrade, released in June 2026, introduced validator delegation, base-fee burning and a halving-based rewards schedule. ONE has a fixed total supply of 1 billion tokens, with no further issuance. Delegation requires at least 10 ONE and includes a 14-day unbonding period.
Trading through the Kraken app and Instant Buy will begin once sufficient market liquidity is available. Geographic restrictions may apply. Kraken warned users to deposit ONE only through supported networks, as deposits sent through unsupported networks may be lost.
The project was formerly known as CROSS and rebranded to ONE in July 2026. The network, token and team remain unchanged.
Neutral
The Kraken listing is potentially positive for ONE because exchange access can improve visibility, liquidity and short-term trading demand. Similar exchange-listing announcements have often triggered speculative price increases, particularly when a token gains access to a major centralized exchange for the first time.
However, the announcement provides no price, volume or order-book data, and Kraken said app trading and Instant Buy will depend on sufficient liquidity. Early trading may therefore be volatile, with spreads and slippage potentially elevated before a deeper market forms. Geographic restrictions and the need to use supported deposit networks could also limit participation.
The listing does not change ONEchain’s token supply or fundamentals. Its fixed 1 billion supply, fee-burning mechanism, staking model and gaming-focused Layer 1 positioning may support longer-term interest, but adoption, developer activity, validator participation and actual trading volume remain more important market indicators. Overall, the listing is a positive catalyst for visibility but not strong enough, on its own, to establish a sustained bullish trend. The expected market impact is therefore neutral.