We are excited to announce that Kraken now supports new margin pairs for Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC)!
Margin trading is now available for the below pairs for SOL, DOGE and LTC:
| Pair base | Name of the pair | Leverage available | Long Position Limit | Short Position Limit |
|---|---|---|---|---|
| GROUND | SOL/USDT | 4 | 700 | 700 |
| DOGE | DOGE/USDT | 4 | 500,000 | 500,000 |
| LTC | LTC/USDT | 4 | 850 | 850 |
Here is some additional information about tokens:
Solana (SOL) is a blockchain platform that aims to improve user scalability. Solana is a blockchain platform that aims to increase user scalability through faster transaction settlement times, lower transaction fees, and more flexible infrastructure compared to other protocols. The SOL cryptocurrency plays a key role in maintaining and operating the Solana ecosystem and is used to execute smart contracts, send transactions, and incentivize users to support the operation of the network.
Dogecoin (DOGE) is a peer-to-peer decentralized cryptocurrency that uses the meme “Doge” as its mascot. Dogecoin (DOGE) is a peer-to-peer cryptocurrency widely used to tip content creators on various social media platforms. Dogecoin features the image of the Shiba Inu dog popularized in the meme “Doge” and was first introduced as a marketing experiment in 2013 before the term memecoin existed. However, DOGE quickly gained a massive following and now has one of the largest market caps in the industry. Wow. Doge is thrilled.
Litecoin (LTC) is a fork of the Bitcoin blockchain that features faster transaction confirmations. Litecoin (LTC) was launched in 2011 and offered a reduced block processing time of 2.5 minutes compared to Bitcoin’s 10 minutes, allowing for a faster way to send and receive cryptocurrencies. Litecoin also features improved storage efficiency and a slightly different proof-of-work consensus mechanism than Bitcoin.
Before you begin, what you need to 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 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.
