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 towards 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 fast token exchanges for any decentralized software (dapp) with out the necessity for an middleman. Kyber Community Crystal (KNC), the primary deflationary staking token, performs a vital function 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 variety of functions, together with staking, securing the community and taking part in governance.
Qtum (QTUM) is a hybrid platform that mixes components of each Bitcoin and Ethereum. Qtum was the primary to mix the worth switch performance of Bitcoin (BTC) and the sensible contract help of Ethereum (ETH) right into a single platform. This permits customers to construct purposes operating on a blockchain, whereas additionally permitting their creations to transact in a method that’s much 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 resolution for Ethereum, designed to offer quick, safe, and gas-free transactions for NFTs via zk-rollups.
Pyth Community (PYTH) is likely one of the largest and fastest-growing first-party oracle networks. Pyth delivers real-time market knowledge to monetary dApps throughout 40+ blockchains and supplies 380+ low-latency value feeds throughout cryptocurrencies, equities, ETFs, FX pairs, and commodities.
Onyxcoin (XCN) is a blockchain-based cloud infrastructure that permits organizations to construct superior monetary companies merchandise. The protocol provides builders entry to blockchain networks, permitting for knowledge and transactions to be saved on a worldwide server community. Chain Token (XCN) is the native token of the community which grants holders the suitable to vote on protocol enhancements, pay for companies throughout the chain protocol ecosystem in addition to acquire entry to reductions and premium companies.
Earlier than you begin, what it is best to know:
With a purpose to commerce utilizing margin, you will have to carry a minimum of one collateral forex.
The supply of margin buying and selling companies is topic to sure limitations and eligibility standards.
Margin buying and selling incurs extra charges for opening, closing and holding a place. Be taught extra in regards to the totally different charges and charges.
Will Kraken supply 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 not 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 value. The supply and liquidity of the actual digital asset will affect most of these orders.
Able to commerce however don’t have a Kraken account but? Enroll immediately!
Availability of margin buying and selling companies is topic to sure limitations and eligibility standards. Buying and selling utilizing margin entails a component of threat and might not be appropriate for everybody. Learn Kraken’s Margin Disclosure Assertion to be taught extra.
These supplies are for normal data functions solely and should not 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 explicit cryptoasset it makes obtainable. Some crypto merchandise and markets are regulated and others are unregulated; regardless, Kraken might or might not be required to be registered or in any other case authorised to offer particular services and products in every market, and also you might not be 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 it is best to search unbiased recommendation in your taxation place. Geographic restrictions might apply. See Authorized Disclosures for every jurisdiction right here.