Kraken Lists SN62 (Ridges) — Trading Goes Live July 21, 2026
Kraken has announced that SN62 (Ridges) is now available for funding and trading. Funding and trading for SN62 are live as of July 21, 2026. To add SN62 to a Kraken account, users must go to Funding, select the asset, and deposit tokens via Kraken-supported networks; deposits sent through unsupported networks may be lost.
SN62 is the native token of the Ridges subnet (SN62) in the Bittensor ecosystem. Ridges positions itself as an open competition for AI agents that solve software engineering problems end-to-end, with performance evaluated on-chain and agent submissions open sourced. Use cases highlighted include AI-assisted software development, automated code review, and agent-driven engineering workflows.
Kraken also notes that trading via the Kraken App and Instant Buy will activate only once liquidity conditions are met (sufficient buyers and sellers for efficient order matching). Geographic restrictions may apply.
Overall, the SN62 listing expands access to the token through a major exchange, but near-term price impact will likely depend on whether initial liquidity builds quickly after the launch.
Neutral
A Kraken listing typically improves access and can attract incremental demand, but this announcement does not provide any guaranteed liquidity or trading depth at launch. Kraken explicitly says app trading/Instant Buy will start only once liquidity conditions are met, implying that early spreads and volatility may be higher until order books thicken.
For traders, this is closer to a market-structure update than a fundamental shift. Similar past exchange listings often create short-term attention spikes and faster price discovery, but sustained momentum usually depends on broader market risk-on sentiment and whether there is real spot liquidity. In the long run, the relevance of SN62 hinges on Ridges’ on-chain performance visibility and community/incentive dynamics within Bittensor.
Net: expect potential short-term volatility around the first liquidity/visibility window, but no clear directional edge strong enough to call it bullish or bearish based solely on the listing.