We’re thrilled to announce that Kraken now helps new margin pairs for SPX6900 (SPX), Kyber Community Crystal (KNC), Saga (SAGA), Qtum (QTUM), Raydium (RAY), Immutable (IMX), Pyth Community (PYTH) and Onyxcoin (XCN).
Right here’s some extra details about the tokens:
SPX6900 (SPX) is a memecoin rallying in opposition to the S&P500, on a mission to overhaul this conventional monetary index. Merchants can entry the SPX6900 token throughout a number of blockchain networks, together with Ethereum, Solana and Base. Like different memecoins, the SPX token doesn’t have any ‘official’ utility — although it may be transferred and held on all supported chains.
Kyber Community Crystal (KNC) is a decentralized liquidity protocol used for token swaps. Kyber permits for immediate token exchanges for any decentralized utility (dapp) with out the necessity for an middleman. Kyber Community Crystal (KNC), the primary deflationary staking token, performs a essential position within the community, permitting house owners to earn staking rewards and voting rights on the protocol.
Saga (SAGA) is a protocol that empowers builders to launch application-specific blockchains (or Chainlets) with ease. Its built-in stack permits anybody to spin up a high-performance, interoperable chain suited to their particular use case — with out the standard friction of working with blockchain tooling. The SAGA token serves a spread of functions, together with staking, securing the community and collaborating in governance.
Qtum (QTUM) is a hybrid platform that mixes parts of each Bitcoin and Ethereum. Qtum was the primary to mix the worth switch performance of Bitcoin (BTC) and the good contract assist of Ethereum (ETH) right into a single platform. This enables customers to construct functions working on a blockchain, whereas additionally permitting their creations to transact in a means that’s just like Bitcoin. The QTUM cryptocurrency is used to pay charges and supply governance on the platform.
Raydium (RAY) is an automatic market maker (AMM) and liquidity supplier constructed on the Solana-based Serum DEX, enabling customers to depend on ecosystem-wide liquidity for trades and swaps.
Immutable X (IMX) is a layer-2 scaling answer for Ethereum, designed to supply quick, safe, and gas-free transactions for NFTs via zk-rollups.
Pyth Community (PYTH) is without doubt one of the largest and fastest-growing first-party oracle networks. Pyth delivers real-time market information to monetary dApps throughout 40+ blockchains and supplies 380+ low-latency worth feeds throughout cryptocurrencies, equities, ETFs, FX pairs, and commodities.
Onyxcoin (XCN) is a blockchain-based cloud infrastructure that allows organizations to construct superior monetary providers merchandise. The protocol offers builders entry to blockchain networks, permitting for information and transactions to be saved on a worldwide server community. Chain Token (XCN) is the native token of the community which grants holders the precise to vote on protocol enhancements, pay for providers throughout the chain protocol ecosystem in addition to acquire entry to reductions and premium providers.
Earlier than you begin, what you must know:
To be able to commerce utilizing margin, you will want to carry at the least one collateral forex.
The supply of margin buying and selling providers is topic to sure limitations and eligibility standards.
Margin buying and selling incurs extra charges for opening, closing and holding a place. Study extra concerning the totally different charges and costs.
Will Kraken provide extra pairs on margin?
Sure! However our coverage is to by no means reveal any particulars earlier than launch – not even which pairs we’re contemplating. All of Kraken’s listed margin pairs can be found on our web site. Our shopper engagement specialists can’t reply any questions on which pairs we could also be itemizing sooner or later.
Commerce with warning
There isn’t any assure {that a} restrict order will execute. There isn’t any assure of margin pool availability always. There may be additionally no assure of a market order executing at a sure worth. The supply and liquidity of the actual digital asset will affect some of these orders.
Able to commerce however don’t have a Kraken account but? Enroll as we speak!
Availability of margin buying and selling providers is topic to sure limitations and eligibility standards. Buying and selling utilizing margin includes a component of danger and is probably not appropriate for everybody. Learn Kraken’s Margin Disclosure Assertion to study extra.
These supplies are for basic info functions solely and aren’t funding recommendation or a advice or solicitation to purchase, promote, stake or maintain any cryptoasset or to have interaction in any particular buying and selling technique. Kraken doesn’t and won’t work to extend or lower the value of any specific cryptoasset it makes obtainable. Some crypto merchandise and markets are regulated and others are unregulated; regardless, Kraken might or is probably not required to be registered or in any other case authorised to supply particular services in every market, and also you is probably not protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the cryptoasset markets can result in lack of funds. Tax could also be payable on any return and/or on any enhance within the worth of your cryptoassets and you must search unbiased recommendation in your taxation place. Geographic restrictions might apply. See Authorized Disclosures for every jurisdiction right here.