We are excited to announce that Kraken now supports new margin pairs for Fantom (FTM), Lido DAO (LDO), Ocean Protocol (OCEAN) And PAXG (PAX Gold)!
Fantom is a blockchain-based smart contract platform for developing decentralized applications (dApps). The platform uses a new consensus mechanism and an asynchronous Byzantine Fault Tolerance (aBFT) approach to address the decentralization, security, and scalability issues found in existing blockchains. FTM is the protocol’s native token which is used to vote on decisions affecting the future of the platform, pay network transaction fees, interact with its ecosystem of dApps, and earn rewards through staking.
Lido is a liquid staking solution for Ethereum. Lido allows users to continue using their staked ETH for other on-chain actions, such as providing collateral for a DeFi loan. LDO, the native token of Lido, can allow holders to vote on governance proposals such as fee settings and new node operators.
The Ocean Protocol is a decentralized exchange for data consumers and providers. The Ocean Protocol aims to spread the benefits of artificial intelligence by giving everyone the ability to access and monetize data. To do this, they created Ocean Market, an open-source community marketplace where participants can buy and sell data with Ocean Token (OCEAN). Users who stake OCEAN can also earn additional rewards through transaction fees.
PAX Gold lets you buy real gold in the form of cryptocurrency. PAX Gold (PAXG) is a gold-backed cryptocurrency. Whoever owns PAXG owns the underlying physical gold, which is owned by Paxos Trust Company. It is often used as a hedge against crypto volatility, and the price of a PAXG token is backed by a fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar.
Margin trading is now available for the pairs below:
|pair base||Pair name||Leverage available||Long position limit||Short position limit|
Will Kraken offer more pairs on margin?
Yes! But our policy is never to reveal any details before launch – not even the pairs we’re considering. All margin pairs listed by Kraken are available at our website. Our customer engagement specialists cannot answer any questions about 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 all times. 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 types of orders.
Offering margin trading on any asset or token is not a recommendation to buy, sell or participate in the associated network. Do your own research and invest at your own risk.
These materials are for general informational purposes only and do not constitute investment advice or a recommendation or solicitation to buy, sell, gamble or hold any digital asset or to engage in any specific trading strategy. Some crypto products and markets are unregulated and you may not be protected by government indemnities and/or regulatory protection schemes. The unpredictable nature of crypto-asset markets can lead to loss of funds. Tax may be due on any return and/or increase in value of your crypto-assets and you should seek independent advice on your tax position. Geographic restrictions apply.