xStocks margin trading enables you to:
Go long or short on tokenized stocks and ETFs
Access up to 3x leverage
Trade without selling your spot crypto holdings
Use existing balances as automatic collateral
Execute within Kraken Pro’s advanced trading interface
Available margin xStocks pairs
NVDAx – tracking Nvidia Corp.
TSLAx – tracking Tesla Inc.
AAPLx – tracking Apple Inc.
SPYx – tracking the S&P 500
GOOGLx – tracking Alphabet Inc.
GLDx – tracking the gold price
CRCLx – tracking Circle Internet Group Inc.
QQQx – tracking the Nasdaq 100
MSTRx – tracking Strategy Inc.
HOODx – tracking Robinhood Markets Inc.
All margin trading is pair-based (e.g., TSLAx/USD), mirroring our crypto margin mechanics.
One margin system for crypto and equities
Traditional equity margin trading typically requires separate brokerage accounts and dedicated capital. xStocks Margin brings tokenized equities into the same margin infrastructure crypto traders already use on Kraken Pro.
xStocks margin trading is built on Kraken’s established margin framework:
Borrowed funds are sourced from Kraken’s margin pools (PDSL for xStocks Margin)
Eligible balances are automatically held as collateral while positions are open
Margin fees accrue every 4 hours, based on borrowed amounts
Positions can be closed via:
Opposing trade (repays loan through trade proceeds)
Settle-position trade (direct repayment from your balance)
For experienced crypto margin traders, the flow will feel immediately familiar. For equity traders, the mechanics deliver leverage and short exposure in a crypto-native format.
Capital efficiency without liquidating spot
You no longer need to sell core holdings to access directional exposure.
xStocks margin trading allows you to:
Maintain long-term crypto positions
Deploy leverage tactically on tokenized equities
Run multiple strategies simultaneously
Hedge existing exposure
Express macro or single-name views efficiently
This unlocks greater portfolio flexibility while keeping capital deployed.
Built-in risk management
Our infrastructure integrates multiple risk safeguards:
Automated initial and maintenance margin requirements
Real-time liquidation logic
Position limits based on order book depth
Controlled exposure via margin pool caps
These mechanisms are designed to maintain market integrity while enabling active participation.
Expanding cross-asset trading on Kraken Pro
With xStocks margin trading, we’re strengthening our position as a unified venue for active traders:
Crypto margin traders expanding into tokenized equities
Spot xStocks traders seeking capital-efficient leverage
TradFi margin traders entering digital asset markets
Crypto and equities. One margin account. One platform. More flexibility.
For advanced traders who demand execution quality, leverage, and cross-asset access, Kraken Pro now delivers it in a single environment.
Trade tokenized equities on Kraken Pro
Leverage increases risk and may not be suitable for all investors. Margin fees fluctuate based on demand and are charged every four hours on borrowed amounts.Margin on xStocks is offered to eligible Kraken customers via Payward Digital Solutions Ltd. (“PDSL”), a company licensed to conduct digital asset business by the Bermuda Monetary Authority. Neither this product nor xStocks are or will be registered with any local securities regulators. Not available in the US and other geographic restrictions apply. 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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