We are excited to announce that Kraken now supports new margin pairs for Optimism (OP), Synthetic (SNX), Injective (INJ) and Celestia (TIA)!
Margin trading is now available for the pairs below for OP, SNX and TIA:
|Long position limit
|Short Position Limit
Here’s what you need to know about assets:
Optimism (OP) is a layer 2 scaling solution implemented on the Ethereum network. It uses a technology known as optimistic rollups to group multiple transactions together, thereby alleviating congestion and reducing transaction fees on the Ethereum mainnet. OP is the native of Optimism governance tokenwhich allows OP token holders to participate in decisions regarding the future direction, upgrades, and settings of the protocol.
Synthetic (SNX) offers an alternative way to invest in fiat currencies, cryptocurrencies and commodities via cryptographic derivatives. Synthetix is a decentralized protocol built on Ethereum that allows users to gain exposure to assets without actually holding or taking. jail of the underlying resource. These synthetic assets (Synths) are backed by the platform’s cryptocurrency, Synthetix Network Token (SNX), which can be pledged as collateral to generate rewards.
Injective (INJ) is a decentralized exchange (DEX) that offers various features such as cross-chain margin trading, derivatives, and forex futures trading. Built on the Blockchain Cosmos A layer 2 application, Injective uses bridges to provide cross-chain capabilities allowing traders to trade on other networks. The exchange is operated by the INJ token, Injective’s native cryptocurrency, which is used by creators and takers to pay transaction fees on its network.
Celestia (TIA) is a modular blockchain network focused on scalable data availability for blockchains. By separating transaction order from network consensus, Celestia helps address the data availability challenges that many blockchains face when scaling. TIA is the native token used for data transactions, network security via proof of stake and enabling decentralized governance within the ecosystem.
Before you start, what you need to know:
Ready to start ⤵️
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.
Offering margin trading on an asset or token does not constitute a recommendation to buy, sell or participate in the associated network. Do your own research and invest at your own risk.
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 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.