Kraken Lists Casper Network CSPR Token for U.S. Trading

Cryptocurrency exchange Kraken listed CSPR, the native token of Casper Network, for trading on its platform. The listing expands U.S.-based access to the Layer 1 blockchain's native asset through a regulated venue. Casper Network positions itself as infrastructure for regulated real-world assets and machine-driven economic activity, while Kraken Financial holds a Federal Reserve master account enabling direct integration with U.S. payment rails, and parent company Payward is pursuing a national trust company charter with the Office of the Comptroller of the Currency.

Casper Network Protocol and CSPR Token Economics

Casper Network is a Layer 1 blockchain that launched in 2021 with an emphasis on security, upgradeability, predictable execution, and developer accessibility. The protocol targets use cases including institutional asset workflows and autonomous transaction systems. Casper 2.0 introduced instant finality, native access controls, liquid staking, and multi-VM execution, while Casper 2.1 added faster block times and protocol-level fee burning. The network implemented quantum-safe cryptography as part of its enterprise security roadmap.

CSPR serves as the network's native utility and staking token. It is used to execute transactions by covering gas fees and is staked by nodes to secure the network. Token holders may delegate CSPR to validators to participate in staking rewards paid in CSPR. At launch, the initial supply was set at 10 billion tokens: 24% allocated to the team, advisors, and Casper Labs; 14.3% to the non-profit Casper Association; 16% reserved for protocol development incentives; and the remaining supply distributed through private and public token sales. There is no maximum supply cap. The network employs an inflationary model with a target issuance rate of approximately 8%.

FAQ

What did Kraken do on July 22, 2026?

Kraken listed CSPR, the native token of Casper Network, for trading on its platform.

What is CSPR used for on Casper Network?

CSPR is used to execute transactions by covering gas fees and is staked by nodes to secure the network. Token holders may delegate CSPR to validators to participate in staking rewards paid in CSPR.