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

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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.

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