Margin trading is now available for the below pairs for ICP, PEPE, SHIB and WIF:
Pair basePair nameAvailable leverageLong Position LimitShort Position LimitICPICPUSD330003000PEPEPEPEUSD360000000006000000000SHIBSHIBUSD315000000001500000000WIFWIFUSD 31400014000
Here’s some more information about the tokens:
Internet Computer (ICP) is a “world computer,” which was created to enable the full decentralization of Web3 services. Developers can build online services exclusively using the blockchain without needing to rely on traditional IT services which are centralized, insecure, subject to censorship and often unreliable. ICP is the Internet Computer’s native token and is used to encourage network participation and serves as a governance token that allows holders to vote on decisions affecting the future of the protocol.
Pepe (PEPE) is a memecoin built on the Ethereum blockchain. Inspired by the well-known Pepe the Frog character, the token quickly gained traction after it launched in April 2023. Pepe positions itself as a people-oriented digital asset that aims to challenge the dominance of Inu-themed memecoins.
Shiba Inu (SHIB) is an Ethereum-based memecoin inspired by Dogecoin (DOGE), launched in 2020 by an anonymous developer known as Ryoshi. They state that the project was created as a response to a single question: What would happen if a cryptocurrency project was 100% run by its community?
Dogwifhat (WIF) is a memecoin on the Solana blockchain, featuring a Shiba Inu dog wearing a hat. It’s a playful token inspired by Dogecoin (DOGE) that focuses on community engagement through meme contests and charity events, rather than serious financial investment. In the project team’s words, it’s literally just a dog wif a hat.
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.
Offering margin trading on an asset or token is not a recommendation to buy, sell or participate in the associated network. Do your own research and invest at your own risk.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply.
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