Katana Exchange Review
Katana is a centralized exchange that is rated #131 on Guru InvestingExchange Tracker. Katana has trading volume US$50,560,131 in the last 24 hours and US$2,227,008,251 in the last 7 days.
Katana currently has 7 cryptocurrencies, 0 paper currencies and 9 markets (cryptocurrency trading pairs). The most popular trading pair on Katana is VET/VRON.
Compare Katana next to other exchanges here: Exchange comparison tool.
Katana Cryptocurrency Exchange is a decentralized exchange built on RoninChain. It is based on Automated Market Maker (AMM) which provides users with the ability to instantly buy or exchange tokens.
To access the platform you must have Ronin wallet and connect it to the exchange. Being a decentralized platform, there are no KYC procedures to follow, and there are no countries where its services are limited or unavailable. However, it’s a good idea to check your country’s cryptocurrency trading laws, just in case.
Markets
Eat total of 4 Katana trading pairs you can write this. Supported cryptocurrencies include SLP, AKSVRON, USDCAnd VET. It is possible that as Katana’s trading volume increases, more trading pairs and cryptocurrencies will be added to the platform in the future. The platform does not have a Katana spot trading option, nor does it support margin trading, leverage, or futures trading. It only supports token exchange between the cryptocurrencies listed above.
Yes Katana exchange fee 0.3% is charged on all swaps made on the platform. This is necessary to cover the cost of transactions made on the platform. 0.25% of trading commissions are passed on as rewards to liquidity providers on the platform, and 0.05% is sent to Ronin’s treasury.
The platform only allows deposits and withdrawals in cryptocurrency. The Katana cryptocurrency price charged for each deposit and withdrawal depends on the cryptocurrency in question. Users have the opportunity to decide which cryptocurrency is cost-effective for them before depositing and withdrawing their cryptocurrencies from the Katana crypto exchange.
other services
In addition to sharing, users can place bets and farm your crypto assets to receive passive rewards on the platform. This option is especially useful for participants who do not wish to actively trade. Rewards for participation in bets and farming pools are paid in RON token is the native utility token of the Ronin ecosystem.
About company
Katana cryptocurrency exchange has been launched Sky Mavis. Sky Mavis is the company behind Axi Infinity is a “play two, earn money” game built on the Ronin blockchain. The company was founded Trung Nguyen, Alexander L., Viet Anh Ho, and Jeffrey Zirlin.
Trung holds the position of CEO of the company. He graduated from FPT University with a Bachelor of Science degree in Computer Science. Before founding Sky Mavis, he worked as a software engineer at Anduin Transaction. He is also the co-founder and CTO of Lozi, a food blogging platform. Alexander graduated from the Norwegian BI Business School, gaining experience working at the Blockchain Game Alliance as a secretary of the board of directors. In addition, he worked as a senior security officer at the Norwegian Government Security Organization. He works as the Chief Operating Officer of Sky Mavis.
Vietnam works as CTO at Sky Mavis and graduated from Nanyang Technological University in Singapore with a degree in Computer Science. Prior to joining Sky Mavis, he worked at Google and Paypal as a software development intern, and as a full-stack engineer at Anduin Transactions. Finally, Jeffrey graduated from Yale University with a BA in history. He is Head of Development at Sky Mavis.
March 29, 2022 information leaked on the Ronin network where more than $600 million worth of cryptocurrencies were stolen. After the hack, Ronin Bridge and the Katana cryptocurrency exchange were closed. After some time, the security breach was resolved and normal activities resumed on the platform.
As of February 2023, Katana’s trade volume is approximately $3 million. View the Katana volume chart above to see current volume.
Katana related pages
Read the hottest Crypto news.
Watch the animated crypt Video explanation.
Learn Cryptocurrency From scratch.
A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
