Today: 22 October 2025
Subscribe
Kraken Lists ASTER: Is This New DeFi Token the Next Big Thing?
 ·  ·  ·  · 

Kraken Lists ASTER: Is This New DeFi Token the Next Big Thing?

by
21 October 2025
  • Kraken announced ASTER trading is live as of Oct. 20, 2025 [1]. ASTER is the native token of a new cross-chain decentralized exchange (Aster Chain) that supports spot and perpetual trading on BNB Chain, Ethereum, Solana and Arbitrum [2].
  • The Aster platform boasts MEV-resistant execution, grid trading and yield-backed collateral (via liquid-staked BNB and a stablecoin), and $ASTER “powers governance, growth and rewards” in this high-performance DeFi ecosystem [3].
  • Kraken notes its app/Instant Buy will enable once liquidity conditions are met [4]. ASTER traded around $1.16 on Monday (Oct 20) [5] and about $1.10 by mid-week [6] after listing.
  • In broader crypto markets, Bitcoin recently fell from an “Uptober” high above $125K to roughly $107K as of Oct 19 [7]. Analysts emphasize “nothing structural has really changed” and call the dip a healthy reset (even a “buying window”) [8]. Major banks still forecast year-end Bitcoin targets in the $133K–$200K range [9].
  • Coinbase (NASDAQ: COIN) stock is around $344 (Oct. 21) [10]. Coinbase just invested in India’s CoinDCX (valuing it at $2.45 billion) to expand in that market [11] – a bet on crypto’s global growth. (Coinbase CBO Shan Aggarwal notes India “will help shape the future of the global on-chain economy” [12].)
  • U.S. stock indices are also near record highs [13]. The S&P 500 and Dow closed last week around new peaks as investors await earnings and a likely Fed rate cut [14], underscoring strong risk appetite that could spill into crypto.

A deeper look shows Kraken’s move brings a sophisticated DeFi token to its exchange. According to Kraken, ASTER is “a next-gen decentralized exchange offering spot and perpetual trading” across multiple chains [15]. Its technology includes MEV-free execution and on-chain perpetuals (even a 1,001x leverage mode) with innovative collateral features [16] [17]. In practice, Aster lets traders earn yield on collateral like liquid-staked BNB (asBNB) and use a native stablecoin (USDF) to improve capital efficiency [18]. (Binance Academy explains Aster uses advanced zero-knowledge proofs to protect trades from front-running and allow assets to earn yield as collateral [19].) In early October 2025, Binance also listed ASTER (with a “Seed Tag” promotion) [20], and now Kraken has added it, widening access for traders on both platforms.

The immediate market reaction has been notable. News reports put ASTER around $1.16 upon listing [21]. Kraken’s own price list shows ASTER trading near $1.10 shortly after [22]. (By comparison, many new altcoins surge on listing but then often pull back, so this will be watched.) Traders will likely look for when Kraken’s mobile app and instant-buy allow ASTER trading – the blog notes those features activate once sufficient liquidity arrives [23]. Meanwhile, investors can only deposit ASTER on the supported networks or risk losing funds, as Kraken warns [24].

This event comes amid volatile crypto markets. Bitcoin briefly surged past $125K in early October (“Uptober”), but a U.S.–China trade shock triggered a sharp correction [25]. By mid-October, BTC was stabilizing around $107K [26]. TechStock² notes “nothing structural has really changed” in Bitcoin’s bull case – and even calls the pullback a “buying window” (per ex-Bitmex CEO Arthur Hayes) [27]. Many institutional analysts remain bullish: Citi predicts ~$133K by year-end, 21Shares forecasts ~$150K, Standard Chartered up to ~$200K [28]. Ethereum and other altcoins saw similar retracements: ETH fell from ~$4,800 highs to the ~$3,800 range [29]. These swings liquidated an estimated $19 billion in leverage in late October [30] – a reminder of crypto’s rapid moves. Investors should note experts still view these as normal market resets.

On the corporate side, crypto firms are expanding. Reuters reports Coinbase bought a stake in Indian exchange CoinDCX, valuing it at $2.45 billion [31]. Coinbase’s Shan Aggarwal says India and its neighbors “will help shape the future of the global on-chain economy” [32], underscoring confidence in broader adoption. Coinbase’s stock price reflects this trend: NASDAQ:COIN traded around $343.78 (last close) on Oct 20 [33]. (Analysts will watch whether this bullish corporate sentiment returns after some recent ETF outflows from Bitcoin – the TS2 report notes crypto ETFs saw record ~$6B inflows in early Oct, then ~$536M outflows in a single day [34].)

Looking ahead, market watchers will analyze how ASTER performs in a choppy environment. If crypto sentiment steadies, ASTER (as a governance token) could benefit from growing DeFi and derivatives trading. However, analysts caution that new tokens can be especially volatile. Kraken’s blog itself stresses that crypto markets are “unpredictable” and users should trade responsibly [35]. As one crypto commentator put it, even a plunging market can be a “buying window” – but only if fundamentals hold and liquidity reappears [36]. For now, ASTER’s listing is a sign of crypto’s ongoing innovation and exchange competition. Time will tell if it becomes the next “big thing,” but experts agree it deserves watchful attention on Oct. 21, 2025 and beyond.

Sources: Kraken Blog [37] [38]; News Defused [39] [40]; Binance Academy [41]; TechStock² [42] [43] [44]; Reuters [45] [46]; TS2 Markets Update [47]; Nasdaq (InvestingNews) [48] [49]; Reuters Stock Page [50].

How to Buy or Sell ASTER Token on ASTERDEX! COMPLETE GUIDE
Watch this video on YouTube.

References

1. blog.kraken.com, 2. blog.kraken.com, 3. blog.kraken.com, 4. blog.kraken.com, 5. www.newsdefused.com, 6. www.kraken.com, 7. ts2.tech, 8. ts2.tech, 9. ts2.tech, 10. www.reuters.com, 11. www.reuters.com, 12. www.reuters.com, 13. ts2.tech, 14. ts2.tech, 15. blog.kraken.com, 16. blog.kraken.com, 17. www.binance.com, 18. blog.kraken.com, 19. www.binance.com, 20. www.binance.com, 21. www.newsdefused.com, 22. www.kraken.com, 23. blog.kraken.com, 24. blog.kraken.com, 25. ts2.tech, 26. ts2.tech, 27. ts2.tech, 28. ts2.tech, 29. ts2.tech, 30. ts2.tech, 31. www.reuters.com, 32. www.reuters.com, 33. www.reuters.com, 34. ts2.tech, 35. blog.kraken.com, 36. ts2.tech, 37. blog.kraken.com, 38. blog.kraken.com, 39. www.newsdefused.com, 40. www.newsdefused.com, 41. www.binance.com, 42. ts2.tech, 43. ts2.tech, 44. ts2.tech, 45. www.reuters.com, 46. www.reuters.com, 47. ts2.tech, 48. www.nasdaq.com, 49. www.nasdaq.com, 50. www.reuters.com

Tags:

Mateusz Kaczmarek Latest posts

A technology and finance expert writing for TS2.tech. He analyzes developments in satellites, telecommunications, and artificial intelligence, with a focus on their impact on global markets. Author of industry reports and market commentary, often cited in tech and business media. Passionate about innovation and the digital economy.

  1. Retiring at 62? It Could Cost You $182K — and 90% of Americans Are Doing It Anyway
  2. Silver and Gold: All-Time High Spree Hits Wall – Markets Rally and Scramble
  3. Wall Street on Fire: Apple’s Record Rally Lifts Stocks as Earnings Season Heats Up
  4. Gold Bonanza: GLD ETF Surges & Miners Skyrocket – Will Gold Hit $5,000/oz Next?

Related Articles

Lynas Rare Earths (LYSCF) Stock Soars on $8.5B U.S.–Australia Rare-Earth Pact
Previous Story

Lynas Rare Earths (LYSCF) Stock Soars on $8.5B U.S.–Australia Rare-Earth Pact

GE Aerospace Stock Soars After Q3 Blowout: Raises 2025 Outlook Again
Next Story

GE Aerospace Stock Soars After Q3 Blowout: Raises 2025 Outlook Again

Stock Market Today

  • Florida Fund Bets $21 Million on Vertiv as AI Data Center Growth Accelerates
    October 21, 2025, 7:04 PM EDT. Florida-based Abacus FCF Advisors opened a new position in Vertiv Holdings (NYSE: VRT) during Q3, buying 137,122 shares for an estimated $20.7 million, or about 2.75% of its reportable U.S. equity assets. The stake leaves Vertiv outside the fund's top five holdings by value but signals growing conviction in data-center infrastructure amid AI demand. As of the quarter, Vertiv's price was around $174.80, up about 56% year over year, outpacing the S&P 500. Vertiv provides digital infrastructure solutions for data centers and critical environments, serving enterprises worldwide. The move aligns with Abacus's tilt toward cash-flow generators and industrial plays, complementing recent bets in Hilton and Tapestry while trimming higher-multiple tech names.
  • GM Stock Surges on Strong Q3 Results and Upgraded Full-Year Outlook
    October 21, 2025, 7:02 PM EDT. GM stock surged, climbing about 14.9% after a stronger-than-expected Q3 showing. GM reported adjusted EPS of $2.80 on revenue of $48.59 billion, topping consensus by roughly $0.48 on the EPS line even as sales dipped ~0.3% year over year. Management highlighted strong earnings and free cash flow strength, including the best Q3 market-share since 2017 and a better margin profile helped by a restructuring in the China segment. With the quarterly beat, GM raised its full-year adjusted EPS guidance to $9.75-$10 from $8.25-$10. Tariff costs are now expected at about $4.5 billion, down from $5 billion, and at least $1.2 billion could be offset by moving some truck production back to domestic plants. The result: investors grew more bullish on GM.
  • Golden Cariboo Resources Q3 Net Income Declines to $100.9M as Revenue Rises 10% (GCC.V)
    October 21, 2025, 7:00 PM EDT. Golden Cariboo Resources Ltd. (GCC.V) posted third-quarter net income of $100.9 million, down from $107.3 million a year ago, with EPS of $0.3076 vs $0.3276. Revenue rose 10.1% to $438.5 million from $398.2 million. The company's GAAP snapshot shows Earnings of $100.9 million, EPS $0.3076, and Revenue $438.5 million. The results point to a softer bottom line despite stronger top-line growth, as margins likely faced pressure year over year. Investors will be weighing whether the improved revenue trajectory can translate into higher profitability in upcoming quarters, especially as price/mix and cost dynamics evolve. Note: this summary reflects disclosed figures and corporate context.
  • EOS Energy Enterprises Stock Jumps After Pennsylvania Expansion Plan for New Plant and Software Hub
    October 21, 2025, 6:58 PM EDT. EOS Energy Enterprises (EOSE) stock jumped more than 8% after the company said it will expand manufacturing to meet rising AI power demand. Pennsylvania Governor Josh Shapiro and Allegheny County awarded a $24 million incentive package to build a new battery manufacturing plant in Marshall Township and a software hub in Pittsburgh, creating about 1,000 high-paying jobs. CEO Joe Mastrangelo framed the move as bringing America's battery to scale and deepening ties with Carnegie Mellon University to train graduates in robotics, AI, and engineering for the DawnOS platform. Eos targets 8 GWh of annualized energy storage and is partnering with Talen Energy and MN8 Energy to expand capacity in Pennsylvania.
  • JPMorgan Chase Opens Net-Zero Global HQ at 270 Park Avenue, Signaling Sustainable Finance and Urban Renewal
    October 21, 2025, 6:57 PM EDT. JPMorgan Chase officially opened its net-zero, all-electric global headquarters at 270 Park Avenue, a 60-story tower housing about 10,000 employees. The building, designed by Foster + Partners and developed with Tishman Speyer, integrates smart technology, biophilic design, and broader public spaces to enhance Midtown Manhattan's vibrancy. Powered entirely by renewable hydroelectric energy, it doubles as New York City's largest all-electric skyscraper and aims to improve energy efficiency and air quality with advanced filtration. The project, which involved upgrading transit links to Grand Central and renovating 383 Madison Avenue, supports thousands of local jobs and contributes billions to NYC's economy. JPMorgan Chase reiterates its commitment to New York, sustainable innovation, and the modernization of global workspaces.
Go toTop