We’re thrilled to announce that Kraken now supports new margin pairs for Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC)!
Margin trading is now available for the below pairs for SOL, DOGE, and LTC:
| Pair base | Pair name | Available Leverage | Long Position Limit | Short Position Limit |
|---|---|---|---|---|
| SOL | SOL/USDT | 4 | 700 | 700 |
| DOGE | DOGE/USDT | 4 | 500,000 | 500,000 |
| LTC | LTC/USDT | 4 | 850 | 850 |
Here’s some more information about the tokens:
Solana (SOL) is a blockchain platform aimed at improving user scalability. Solana is a blockchain platform that aims to increase user scalability through faster transaction settlement times, lower transaction fees and more flexible infrastructure compared to other protocols. The SOL cryptocurrency plays a key role in maintaining and operating the Solana ecosystem and is used to execute smart contracts, send transactions, and incentivize users that support the network’s operation.
Dogecoin (DOGE) is a decentralized, peer-to-peer cryptocurrency that uses the “Doge” meme as its mascot. Dogecoin (DOGE) is a peer-to-peer cryptocurrency that is widely used for tipping content creators on various social media platforms. Dogecoin features the likeness of the Shiba Inu dog popularized in the “Doge” meme, and was first introduced as a marketing experiment in 2013 before the term memecoin existed. DOGE quickly gained a massive audience, however, and now boasts one of the largest market caps in the industry. Much wow. Doge is pleased.
Litecoin (LTC) is a fork of the Bitcoin blockchain that offers faster transaction confirmations. Litecoin (LTC) was released in 2011 and offered a decreased block processing time of 2.5 minutes as opposed to Bitcoin’s 10 minutes, allowing for a faster way to send and receive crypto. Litecoin also features improved storage efficiency and a slightly different proof-of-work consensus mechanism than Bitcoin.
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 makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. 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 unregulated, 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.
