We are making new pairs available for margin trading, bringing our total to over 240 markets enabled for margin trading on Kraken Pro!
Margin trading is now available for two new trading pairs:
| Pair basis | Pair name | Leverage available | Long limit | Short limit |
| MON | MON/USD | 3 | 4,800,000 | 4,700,000 |
| NIGHT | NIGHT/USD | 3 | 1,500,000 | 1,500,000 |
Here is some additional information about the tokens:
Monad (MON) is a next-generation Layer 1 blockchain focused on high-performance execution with full EVM compatibility. It enables parallel transaction processing and low-latency finality through innovative consensus and execution layers. The MON token powers validator staking, transaction fees, governance, and ecosystem growth.
Midnight (NIGHT) is a privacy-focused sidechain in the Cardano ecosystem that aims to bring what it calls “rational privacy” to Web3. It uses zero-knowledge proofs and a dual-token model so developers can build applications that protect sensitive data while meeting compliance and auditing requirements. NIGHT is Midnight’s native governance and utility token. It is used to help secure the network, pay for services, and access private smart contracts and applications that run on the Midnight Chain.
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!
