We are excited to announce that Kraken now supports new margin pairs for Sui (SUI), Polygon (POL), Chiliz (CHZ), and Starknet (STRK)!
Here is some additional information about the tokens:
Sui (SUI) is a scalable, low-latency smart contract platform powered by a set of permissionless validators. Sui allows transactions to be processed in parallel thanks to its unique data model and consensus approach. 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.
Polygon Ecosystem Token (POL) is a multi-chain scaling solution for the Ethereum blockchain. Polygon is a Layer 2 (L2) scaling solution for Ethereum that aims to improve the speed and reduce the cost of executing transactions on Ethereum. Polygon uses sidechains to facilitate off-chain computation while maintaining security and uses a decentralized network of proof-of-stake (PoS) validators. POL is an upgrade and renaming of the MATIC token. The move to the POL token is expected to improve tokenomics and governance rights, allowing stakeholders to become more involved in Polygon’s decision-making process through community initiatives.
Chiliz (CHZ) is the cryptocurrency used by sports fans to purchase fan tokens on the socios.com platform. These tokens allow participants to influence their favorite teams by voting on decisions while earning rewards based on engagement. Chiliz also operates a cryptocurrency exchange platform where fan tokens can be purchased and traded.
Starknet Token (STRK) is the cryptocurrency of Starknet, an L2 rollup on the Ethereum network. Starknet leverages STARK, its unique zero-knowledge proof (ZK-proof) technology, to process and authenticate transactions. Starknet’s native cryptocurrency is called STRK, which is an integral part of the Starknet L2 ecosystem.
Before you start, 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 pairs on margin?
Yes! But our policy is to never reveal any details before launch, not even which pairs we’re considering. All margin pairs listed by Kraken are available on our website. Our customer engagement specialists cannot answer any questions about any pairs we may list in the future.
Trade with caution
There is no guarantee that a limit order will be executed. There is no guarantee that the margin pool will be available at any time. There is also no guarantee that a market order will execute at a certain price. The availability and liquidity of the particular digital asset will impact these order types.
Ready to trade but don’t have a Kraken account yet? Click below!
The availability of margin trading services is subject to certain limitations and eligibility criteria. Margin trading carries an element of risk and may not be suitable for everyone. Read Kraken’s margin disclosure statement to learn more.
These materials are intended for general information purposes only and do not constitute investment advice or a recommendation or solicitation to buy, sell, stake or hold any crypto-asset or to engage in any trading strategy. specific trading. Kraken makes no representations or warranties of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of this information and shall not be liable for any errors, omissions or delays. in this information or for any loss, injury or damage resulting from its display or use. Kraken does not and will not endeavor 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 programs. The unpredictable nature of crypto-asset markets can result in losses of funds. Tax may be payable on any returns and/or increases in the value of your cryptoassets and you should seek independent advice on your tax situation. Geographic restrictions may apply.
