We are excited to announce that Kraken now supports new margin pairs for SushiSwap (SUSHI), 0x Protocol (ZRX), LayerZero (ZRO), Ethereum Name Service (ENS), and dYdX (DYDX).
Margin trading is now available for the pairs below for SUSHI, ZRX, ZRO, ENS and DYDX:
Here is some additional information about the tokens:
SushiSwap (SUSHI) is a decentralized exchange for trading ERC-20 tokens and cryptocurrencies. Built on Ethereum, Sushi is a decentralized exchange (DEX) platform where users can buy and sell various crypto assets. To provide liquidity, users first lock up assets in pools, then traders buy and sell cryptocurrencies from these pools, exchanging one token for another. Anyone with its native cryptocurrency, SUSHI, can propose changes to the software and vote on proposals submitted by other users.
0x Protocol (ZRX) is a decentralized market. Built on Ethereum, 0x is a peer-to-peer marketplace designed to facilitate the exchange of Ethereum-based assets representing any form of value, including tokens representing physical real estate, stocks and bonds, or tokens representing other crypto assets. Its cryptocurrency, ZRX, is designed to distribute the management and operation of the 0x platform.
LayerZero (ZRO) LayerZero is an interoperability protocol that connects over 50 blockchains, allowing developers to build omnichain applications. Leveraging smart contracts on supported chains, decentralized verification networks (DVNs), and executors, it ensures seamless cross-chain messaging. The ZRO token acts as both a governance token and a staking token, allowing participation in the decision-making process and reward mechanism of the protocol.
Ethereum Name Service (ENS) is a domain naming system built on the Ethereum blockchain. The service provides a secure way to translate randomly generated letters and numbers from an Ethereum address into an easily recognizable name. ENS is the service’s native token that is used to vote on decisions that affect the future direction of the project.
dYdX (DYDX) dYdX is a decentralized layer 2 trading platform built on Ethereum offering a range of financial products including margin trading, derivatives and perpetual contracts. dYdX allows users to borrow, lend, and make predictions about the future prices of popular cryptocurrencies. Rather than maintaining a central order book where buyers and sellers can place orders, dYdX instead uses a set of liquidity pools, where traders looking to buy or sell cryptocurrencies can access funds. dYdX’s native cryptocurrency, DYDX, serves as the platform’s governance token and allows participants to vote on network protocol upgrades.
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? Register today!
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 does not and will not endeavor to increase or decrease the price of any particular crypto-asset it makes available. Some crypto products and markets are regulated and others are not; In any event, Kraken may or may not be required to be registered or otherwise authorized to provide specific products and services in each market, and you may not be protected by government compensation programs and/or regulatory protections. The unpredictable nature of crypto-asset markets can result in losses of funds. Taxes 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. See legal notices for each jurisdiction here.
