Kraken made TREAD available for funding and trading on September 16, 2026. TREAD is the token used by tread.fi, an algorithmic trading terminal and agentic trading ecosystem for digital asset markets that connects traders, builders and exchanges. Users can link exchange accounts or a Web3 wallet (crypto wallet connected to blockchain applications) and manage activity through one interface, which supports TWAP (time-weighted average price) execution, scaled orders and smart order routing, as well as autonomous agents operating across connected venues. TREAD is a consumptive utility token: holders lock it to receive fee discounts, agent marketplace listings and hiring slots, but receive no yield, interest or rewards for locking it. The Tread Foundation independently stewards the token and ecosystem. The token has a permanently capped supply of 100,000,000 minted on Ethereum, with no mint function or inflation and more than half reserved for the community and wider tread.fi ecosystem. Kraken App trading and Instant Buy will become available once liquidity conditions are met, meaning enough buyers and sellers are present for efficient order matching. Geographic restrictions may apply. Kraken said future token listings will be announced shortly before launch through its Listings Roadmap and social media profiles, while client engagement specialists will not disclose assets under consideration in advance.