Katana cryptocurrency exchange is a decentralized exchange built on the RoninChain. It is based on an Automated Market Maker (AMM) that provides users with the ability to instantly buy or swap tokens.
To gain access to the platform, you must own a 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 either restricted or unavailable. However, it is good to check your country’s laws about cryptocurrency trading activities to be on the safe side.
There are only 4 Katana trading pairs available of writing this. Supported cryptocurrencies include SLP, AXS, WRON, USDC, and WETH. It is possible that as Katana trade volume increases in the future, more trading pairs and cryptocurrencies would be added to the platform. There is no Katana spot trading option available on the platform, and nor does it support margin, leverage, or futures trading. It only supports token swaps between the cryptocurrencies listed above.
There is a 0.3% Katana exchange fee charged on all swaps made on the platform. This is to cover the cost of the transactions made on the platform. 0.25% of the trading fees are given as rewards to liquidity providers on the platform while 0.05% is sent to the Ronin treasury.
Only crypto deposits and withdrawals are permitted on the platform. The Katana crypto price charged on each deposit and withdrawal is dependent on the cryptocurrency in question. Users have the ability to decide which crypto is cost-effective for them before depositing and withdrawing their cryptos from the Katana crypto exchange.
Apart from swapping, users can stake and farm their crypto assets to earn passive rewards on the platform. This option is particularly useful for participants who do not wish to trade actively. Rewards for staking and farming pool activities are paid in the RON token – the native utility token of the Ronin ecosystem.
About the Company
Katana cryptocurrency exchange was launched by Sky Mavis. Sky Mavis is the company behind Axie Infinity – a play-2-earn game built on the Ronin blockchain. The company was founded by Trung Nguyen, Aleksander L, Viet Anh Ho, and Jeffrey Zirlin.
Trung serves as the CEO of the company. He graduated from FPT University with a Bachelor of Science in Computer Science. Before starting Sky Mavis, he worked as a software engineer at Anduin Transaction. He is also the co-founder and CTO at Lozi – a food blogging platform. Aleksander graduated from BI Norwegian Business School, gaining experience at Blockchain Game Alliance as the secretary to the board of directors. Furthermore, he served as an executive security officer at the Norwegian Government Security Organization. He works as the COO of Sky Mavis.
Viet serves as the CTO at Sky Mavis, and he graduated from the Nanyang Technological University in Singapore with a degree in Computer Science. Before joining Sky Mavis, he worked at Google and Paypal as a software engineering intern, and as a full stack engineer at Anduin Transactions. Finally, Jeffery graduated from Yale University with a bachelor’s degree in History. He serves as the growth lead at Sky Mavis.
On the 29th of March, 2022, the Ronin Chain suffered a security breach where over $600 million worth of cryptos were stolen. Following the hack, the Ronin Bridge and the Katana cryptocurrency exchange were closed. After some time, the security breach was fixed and normal activities resumed on the platform.
As of February 2023, the Katana trade volume ranges around $3 million. Check out the Katana volume chart above to see the current volume.