New XRP Margin Pair Available on Major US Exchange
Main Idea
Kraken Pro has introduced XRP margin trading against Ethereum with up to 3X leverage, expanding its margin trading pairs and providing traders with more options.
Key Points
1. Kraken Pro now offers XRP margin trading against Ethereum (XRP/ETH) with up to 3X leverage.
2. Other available XRP margin pairs include XRP/EUR, XRP/BTC, and XRP/CAD.
3. Margin trading allows traders to borrow funds to go long on XRP or short it, with leverage capped at 5X for most pairs but 3X for XRP/ETH.
4. The ETH/XRP pair has declined by over 14% since its peak on July 22, with ETH up 1.9% and XRP down 10.6% over the past week.
5. XRP had been gaining against ETH since November, reaching a year-to-date peak of 0.0114 ETH in April before ETH rebounded.
Description
Kraken Pro users can now trade XRP against ETH with up 3X leverage
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