Kraken is doubling down on trader empowerment. By increasing margin trading leverage from 2x to 10x on select pairs, we’re giving experienced traders more flexibility, efficiency, and capital power than ever before.
Margin leverage is increasing for five of our most popular crypto assets: ADA, LINK, AVAX, SUI and LTC!
10x margin trading is now available for:
Pair base
Pair name
Available Leverage
ADA
ADA/USD
ADA/EUR
ADA/USDC
ADA/USDT
10x
LINK
LINK/USD
LINK/EUR
LINK/USDC
LINK/USDT
10x
AVAX
10x
SUI
10x
LTC
10x
Why Kraken’s 10x leverage is a win for traders
Greater capital efficiencyTrade larger positions with less capital, freeing up funds for other opportunities.
More dynamic strategiesReact quickly to market moves and execute short-term strategies more effectively.
Enhanced risk/reward managementAmplify potential gains (and losses) with tools to help manage risk intelligently.
Same security. More power.
Enjoy increased leverage with Kraken’s trusted security and infrastructure.
Here’s some more information about the tokens:
Cardano (ADA) is a research-driven cryptocurrency. Cardano is the first proof-of-stake blockchain platform to be founded on peer-reviewed research. It’s powered by Ouroboros, a protocol that its proponents claim has improved upon security, scalability and energy efficiency versus other proof-of-work predecessors, like Bitcoin. ADA is the native token of Cardano and can be staked to earn rewards.
Chainlink (LINK) is a decentralized oracle that provides external data to smart contracts. Using reputation and validation systems to reward honest behavior among tamper-proof oracles, the Chainlink network connects smart contracts to real world data, events and payments. The cryptocurrency that powers the network is LINK, an ERC-20 token that incentivizes oracles – third party blockchain data sources – to maintain service level agreement (SLA) standards.
Avalanche (AVAX) is a system that serves as a foundation for a new wave of decentralized applications (or dApps). Consisting of three interoperable blockchains, it aims to deliver high throughput without sacrificing scalability.
Sui Network (SUI) is a scalable, low-latency smart contract platform powered by a permissionless set of validators. Sui Network allows transactions to be processed in parallel thanks to its unique data model and approach to consensus. The SUI token allows network users to pay gas fees, while also helping to ensure smooth transaction execution and reliable storage of operations on the network.
Litecoin (LTC) is a BTC fork with faster transaction confirmations. Litecoin (LTC) was released in 2011 as a fork of Bitcoin with the primary difference being a decreased block processing time, 2.5 minutes as opposed to Bitcoin’s 10 minutes, allowing for faster confirmation of transactions. Litecoin also features improved storage efficiency and a slightly different proof-of-work mining mechanism than Bitcoin.
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.
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.
The post appeared first on Kraken Blog.
