Margin trading is now available for a new trading pair:
Pair basePair nameAvailable leverageLong LimitShort LimitXPLXPL/USD3200,000200,000 Get Started with Kraken
Here’s some more information about the token:
Plasma (XPL) is an EVM-compatible L1 blockchain designed for high-volume, low-cost stablecoin transactions. Positioned as a payments-focused network, it enters a crowded field of Layer-1 blockchains competing for transaction throughput and adoption by issuers of digital dollars and other stable assets.
Before you start, what you should know:
In order to trade using margin, you will need to hold at least one collateral currency.
The availability of margin trading services is subject to certain limitations and eligibility criteria.
Margin trading incurs additional fees for opening, closing and holding a position. Learn more about the different rates and fees.
Will Kraken offer more pairs on margin?
Yes! But our policy is to never reveal any details before launch – not even which pairs we are considering. All of Kraken’s listed margin pairs are available on our website. Our client engagement specialists cannot answer any questions about which pairs we may be listing in the future.
Trade with caution
There is no guarantee that a limit order will execute. There is no guarantee of margin pool availability at all times. There is also no guarantee of a market order executing at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.
Ready to trade but don’t have a Kraken account yet? Sign up today !
Availability of margin trading services is subject to certain limitations and eligibility criteria . Trading using margin involves an element of risk and may not be suitable for everyone. Read Kraken’s Margin Disclosure Statement to learn more.
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