We are pleased to announce that Kraken now supports new margin pairs for Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC).
Margin trading is now available on the following pairs: SOL, DOGE, and LTC.
Pair Base Pair Name Available Leverage Long Position Limit Short Position Limit SOLSOL/USDT4700700DOGEDOGE/USDT4500,000500,000LTCLTC/USDT4850850
Here is more information about the token:
Solana (SOL) is a blockchain platform aimed at increasing scalability for users. Solana is a blockchain platform that aims to improve scalability for users through faster transaction settlement times, lower transaction fees, and more flexible infrastructure compared to other protocols. The SOL cryptocurrency plays a key role in maintaining and operating the Solana ecosystem and is used to execute smart contracts, send transactions, and provide incentives to users who support the operation of the network.
Dogecoin (DOGE) is a decentralized peer-to-peer cryptocurrency that uses the “Doge” meme as its mascot. Dogecoin (DOGE) is a peer-to-peer cryptocurrency that is widely used to tip content creators on various social media platforms. Dogecoin features the likeness of the Shiba Inu dog made famous by the “Doge” meme and was first introduced as a marketing experiment in 2013, before the term memecoin even existed. However, DOGE quickly gained a large audience and now boasts the industry’s largest market capitalization. That’s amazing. Doge is happy.
Litecoin (LTC) is a fork of the Bitcoin blockchain that provides faster transaction confirmations. Litecoin (LTC) was released in 2011 and reduced block processing time to 2.5 minutes, compared to Bitcoin’s 10 minutes, allowing for faster sending and receiving of cryptocurrencies. Litecoin also features improved storage efficiency and a proof-of-work consensus mechanism that is slightly different than Bitcoin.
Things you need to know before you start:
To trade on margin, you must hold at least one collateral currency.
Your use of the Margin Services is subject to certain restrictions and eligibility criteria.
Margin trading incurs additional fees for opening, closing, and holding positions. Learn more about the various rates and fees.
Will Kraken offer more pairs on margin?
yes! However, our policy is not to reveal any details prior to launch. They won’t even reveal which pairs they’re considering. All Kraken listed margin pairs are available on our website. Our Client Engagement Specialists cannot answer questions about which pairs we may feature in the future.
Please trade with caution
There is no guarantee that limit orders will be executed. There is no guarantee that the margin pool will always be available. There is also no guarantee that a market order will be executed at a particular price. The availability and liquidity of a particular digital asset will affect these types of orders.
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Your use of the Margin Services is subject to certain restrictions and eligibility criteria. Trading on margin involves an element of risk and is not suitable for everyone. Please read Kraken’s Margin Disclosure Statement for more information.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold crypto assets or to participate in any particular trading strategy. Kraken makes no representations or warranties of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability, or validity of such information, and Kraken does not warrant or guarantee the accuracy, completeness, timeliness, suitability, or validity of such information, and , or for any losses. Injury or damage caused by display or use. Kraken does not and will not increase or decrease the price of any particular crypto asset that it makes available. Some crypto products and markets are unregulated and may not be protected by government indemnification or regulatory protection regimes. The unpredictable nature of the crypto asset market may lead to loss of funds. You should seek independent advice on your tax position as tax may be payable on the return and/or increase in value of your crypto assets. Geographical restrictions may apply.
