Margin trading is now available for the below pairs for MOG, ENA, MORPHO, GOAT, FLOKI, ONDO and KAS:
Pair basePair nameAvailable LeverageLong Position LimitShort Position LimitMOGMOG/USD310,000,000,00010,000,000,000ENAENA/USD335,00035,000MORPHOMORPHO/USD38,0008,000GOATGOAT/USD355,00055,000FLOKIFLOKI/USD3150,000,000150,000,000ONDOONDO/USD315,00015,000KASKAS/USD3150,000150,000 Get started with Kraken
Here’s some more information about the tokens:
Mog Coin (MOG) is a memecoin that describes itself as ‘the Internet’s first culture coin.’ Available originally as an ERC-20 token, the project later implemented support for bridging to Bitcoin. MOG can be sent, held and received by users on its supported networks.
Ethena (ENA) is a synthetic dollar protocol that aims to establish a stablecoin-like asset (USDe) through a delta-neutral hedging strategy. This approach involves shorting derivatives proportional to users’ deposited collateral to generate yield. The ENA token is used for governance across a range of the Ethena protocol’s functions.
Morpho (MORPHO) is a decentralized lending protocol designed to enhance the efficiency of overcollateralized crypto lending and borrowing. By utilizing isolated markets and dynamic interest rate models, Morpho offers users improved yields, lower costs, and greater flexibility. Its trustless, blockchain-based infrastructure ensures secure, permissionless transactions for all participants.
Goatseus Maximus (GOAT) is a memecoin created by an autonomous AI agent (Truth Terminal) that developed an obsession with the obscure “goatse” Internet meme. Launched on Solana with the help of the agent’s founder, the token hit a market capitalization of over $1b in a month. The GOAT token has no utility, but it can be transferred between Solana wallets.
FLOKI (FLOKI) is taking its name from Elon Musk’s dog, launched as a memecoin in 2021. It has since expanded into an ecosystem prioritizing community and charitable endeavors, and boasts its own gaming metaverse, marketplace and staking platform. The FLOKI token can be used for payments, or interacting with dApps on Ethereum or Binance Smart Chain.
Ondo (ONDO) is the native token of the Ondo Finance ecosystem. Ondo Finance seeks to bridge the gap between traditional and decentralised finance by improving accessibility to institutional grade financial products through tokenised real world assets. Holders of the ONDO token can participate in the ONDO decentralised autonomous organisation (DAO), enabling them to influence decisions about the future direction and policies of the ecosystem. The token allows holders to vote on proposals that impact the protocol, such as changes to the protocols rules, smart contracts or treasury allocations.
Kaspa (KAS) is a decentralized, high-performance blockchain that uses a unique BlockDAG (Directed Acyclic Graph) architecture to achieve fast transaction speeds and scalability. Unlike traditional blockchains, Kaspa allows multiple blocks to be processed simultaneously, improving transaction throughput and reducing latency. It aims to provide efficient, secure, and low-cost blockchain solutions.
Before you start, what you should 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 holding 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 are considering. All of Kraken’s listed margin pairs are available on our website. Our client engagement specialists cannot answer any questions about which pairs we may be listing in the future.
Trade with caution
There is no guarantee that a limit order will execute. There is no guarantee of margin pool availability at all times. There is also no guarantee of a market order executing at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.
Ready to trade but don’t have a Kraken account yet? Sign up today !
Availability of margin trading services is subject to certain limitations and eligibility criteria. Trading using margin involves an element of risk and may not be suitable for everyone. Read Kraken’s Margin Disclosure Statement to learn more.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here.
The post appeared first on Kraken Blog.
