Introducing xStocks margin trading on Kraken Pro
TL;DR
Unified, crypto-native margin infrastructure for tokenized equities: Kraken Pro enables margin trading on xStocks (tokenized stocks and ETFs) using the same established margin framework that powers its crypto markets. Traders can go long or short, access up to 3x leverage, trade pair-based markets (e.g., TSLAx/USD), borrow from Kraken’s PDSL margin pools, and use eligible account balances as automatic collateral — all within a single unified account.
Capital-efficient cross-asset exposure without liquidating crypto: xStocks margin trading allows users to maintain spot crypto holdings while deploying leveraged exposure to tokenized equities. This supports cross-asset strategies, including hedging, macro positioning, and single-name directional trades, improving capital efficiency and portfolio flexibility inside a crypto-native execution environment.
Institutional-grade risk controls and margin mechanics: The system incorporates automated initial and maintenance margin requirements, real-time liquidation logic, margin fees accrued every four hours on borrowed amounts, position limits based on order book depth, and margin pool exposure caps — delivering structured leverage and short exposure for tokenized stocks and ETFs with integrated risk management safeguards.
Trade tokenized equities with leverage
With up to 3x leverage, a familiar pair-based trading flow, and integrated risk controls, xStocks margin trading brings equity-style exposure into a crypto-native execution environment, all within one account.

