Announcing 8 new margin and futures collateral currencies on Kraken Pro
Main Idea
Kraken Pro offers margin trading with various assets as collateral, providing flexibility and control for traders, while emphasizing the risks involved.
Key Points
1. Kraken Pro allows traders to open long or short positions by borrowing funds directly from Kraken using eligible assets as collateral.
2. Both unstaked and Kraken Rewards assets can be used as margin collateral, expanding the range of options for traders.
3. Kraken applies a volatility-based haircut to collateral values, which affects the amount available for trading.
4. Margin trading involves risks, and Kraken provides a Risk Disclosure Statement to inform users about potential hazards.
5. Kraken Pro is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 342/17.
Description
We’re committed to providing traders with greater flexibility and control, and are excited to announce a significant expansion in our collateral opportunities for Kraken Pro traders. With this update, the number of collateral currencies you can use for margin and derivatives trading has increased to 52. Start trading on Kraken Pro What is a collateral currency? A collateral currency can be fiat, crypto or stablecoin you can use for trading on margin. Unlike standard spot trading, margin trading ...
