Superp, A Crypto Short-Selling Platform, Lists On Kraken

Superp (SUP), a decentralized cryptocurrency exchange previously known as Vanilla Finance, has listed its native token on Kraken, as digital-asset markets remain under pressure.

The platform allows traders to take long or short positions with leverage of up to 10,000 times, with activity concentrated in highly volatile assets, including meme-linked tokens.

Unlike centralized exchanges, Superp does not take directional positions itself, instead generating revenue by facilitating leveraged trading between users.

Since its launch, and throughout much of 2025 and early 2026, trading on Superp has been heavily skewed toward short positions, in line with a broader downturn in cryptocurrency markets.

Elevated volatility during the period supported higher trading volumes, contributing to strong operating performance, according to the company.

Superp operates what it describes as a market-neutral, bottom-up model, providing infrastructure rather than expressing a house view. Trading behavior is determined by users, who increasingly took bearish-leaning short bets as sentiment weakened across the sector.

The exchange has processed more than $120 billion in cumulative trading volume since inception and has attracted a few million users globally, the company said. Trading volumes on SUP typically reach several hundred million dollars daily, accounting for approximately 0.1% of total crypto market turnover.

Its user base is geographically diversified, with activity spread across multiple regions rather than concentrated in a single market.The February listing on Kraken marks a notable step for a decentralized derivatives platform operating amid tighter regulatory scrutiny.

Kraken is known for a relatively conservative, compliance and regulatory-focused approach to listings, with a customer base concentrated in the United States and other G7 economies, including the European Union, the United Kingdom and Canada.

Kingston Kwek, a Singapore-based cryptocurrency entrepreneur and owner of Superp, said the timing of the listing was deliberate. Launching during a period of bearish market sentiment allows the platform to expand distribution while benefiting from the credibility associated with a Kraken listing, he said, adding that the move could support further exchange listings over time.

Indeed, Superp’s token rose sharply on the day of listing, outperforming the broader market even as major cryptocurrencies such as Bitcoin and Ether declined heavily alongside wider weakness in technology stocks, global equities, and precious metals.

Moving forward, SUP will continue to be positioned and marketed as a leveraged shortseller of crypto assets, subject to changing market conditions.

Contact Information:

Contact person: Jerry, Head Of PR

Email: business@superp.xyz

Website: https://www.superp.xyz/en

Twitter: https://x.com/superp_xyz

Source: https://blog.kraken.com/product/asset-listings/sup-is-available-for-trading