We are excited to announce that Kraken now supports new margin pairs for Pepe (PEPE), Near Protocol (NEAR), Sei (SEI), and Shiba Inu (SHIB)!
Margin trading is now available for the below pairs for PEPE, NEAR, SEI and SHIB:
| Base pair | Name of the pair | Leverage available | Long Position Limit | Short Position Limit |
|---|---|---|---|---|
| PEPE | PEPEEUR | 3 | 3,500,000,000 | 3,500,000,000 |
| CLOSE | CLOSE | 3 | 7,000 | 7,000 |
| SEI | LORD | 3 | 100,000 | 100,000 |
| SHIB | SHIBEUR | 3 | 2,000,000,000 | 2,000,000,000 |
Here is some additional information about these tokens:
PEPE – Pepe is a memecoin built on the Ethereum blockchain. Inspired by the popular character Pepe the Frog, the token quickly gained popularity after its launch in April 2023. Pepe positions itself as a people-centric digital asset that aims to challenge the dominance of Inu-themed memecoins.
CLOSE – Near Protocol is a layer-1 blockchain that allows developers to create and launch their own decentralized applications (dApps). NEAR Protocol leverages a sharding mechanism to achieve increased scalability and faster, cheaper transactions. NEAR holders can use their tokens to cover network transaction fees associated with using NEAR Protocol applications and participate in the governance of network development.
SEI – Sei is a Layer 1 blockchain built on Cosmos that aims to provide next-generation DeFi infrastructure. Using central limit order books (CLOBs), Sei Network facilitates the integration of decentralized applications (dApps) and access to liquidity within the Cosmos ecosystem. SEI validators can choose to accept other Cosmos ecosystem-approved tokens for gas payments based on the network’s governance. The SEI token allows users to pay gas fees and also functions as the protocol’s governance token.
SHIB – Shiba Inu is an Ethereum-based memecoin inspired by Dogecoin (DOGE), launched in 2020 by an anonymous developer known as Ryoshi. They claim that the project was created in response to a single question: what would happen if a cryptocurrency project was 100% community-driven?
Before you begin, what you need to know:
To trade using margin, you must 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 maintaining a position. Learn more about the different rates and fees.
Will Kraken offer more margined pairs?
Yes! But our policy is to never reveal any details before launch, not even the pairs we are considering. All margin pairs listed by Kraken are available on our website. Our customer engagement specialists cannot answer any questions about pairs we may list in the future.
Exercise caution in your business dealings
There is no guarantee that a limit order will be executed. There is no guarantee that the margin pool will be available at all times. There is also no guarantee that a market order will be executed at a certain price. The availability and liquidity of the digital asset in question will impact these types of orders.
Ready to trade but don’t have a Kraken account yet? Sign up today!
The availability of margin trading services is subject to certain limitations and eligibility criteria. Margin trading involves an element of risk and may not be suitable for everyone. Read Kraken’s Margin Disclosure Statement to learn more.
These materials are provided for general informational purposes only and do not constitute investment advice, or a recommendation or solicitation to buy, sell, stake, or hold any cryptoassets, or to participate in any specific trading strategy. Kraken makes no representations or warranties, express or implied, as to the accuracy, completeness, timeliness, suitability, or validity of this information and will not be liable for any errors, omissions, or delays in this information or for any losses, injuries, or damages resulting from the display or use of it. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset that it makes available. Certain 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 may result in the loss of funds. Tax may be payable on any return and/or increase in the value of your crypto assets and you should seek independent advice on your tax position. Geographic restrictions may apply.
