Expanded margin pairs available for BONK, TAO, STX and JUP!
Margin trading is now available for the below pairs for BONK, TAO, STX and JUP:
| Pair base | Pair name | Available leverage | Long position limit | Short position limit |
| BONK | BONK/USD | 3 | 120,000,000 | 120,000,000 |
| TAO | TAO/USD | 3 | 40 | 40 |
| STX | STX/USD | 3 | 14,000 | 14,000 |
| JUP | JUP/USD | 3 | 3,000 | 3,000 |
Here’s some more information about the tokens:
Bonk (BONK) is a cryptocurrency that launched on Christmas Day 2022 as a free airdrop to the Solana blockchain community. It has gained popularity in the Web3 space and operates on the Solana blockchain as a cryptocurrency that emphasizes community involvement and decentralized finance principles.
Bittensor (TAO) is a decentralized network connecting global machine learning models, using Substrate-based blockchain architecture (like Polkadot) and a proof-of-stake consensus mechanism for energy efficiency. TAO tokens incentivize and reward miners for contributing computational resources, are used for transaction fees, governance, and accessing machine learning services — while also playing a role in staking to enhance network security.
Stacks (STX) is a Layer 2 network created with the goal of scaling and bringing decentralized applications (dApps) to Bitcoin (BTC). Stacks uses Bitcoin as its settlement layer and seeks to bring decentralized finance (DeFi) to the Bitcoin network by providing smart-contract-compatible infrastructure.
Jupiter (JUP) is a decentralized finance (DeFi) protocol on the Solana blockchain that began as a liquidity aggregator for token swaps and has expanded to include perpetual futures. JUP is the governance token of Jupiter and allows community members to vote on key decisions regarding the platform’s development and operations.
Before you start, what you should know:
In order to trade using margin, you will need to hold at least one collateral currency.
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.
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.
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.
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.
The post Expanded margin pairs available for BONK, TAO, STX and JUP! appeared first on Kraken Blog.
Go to Source
Author: KrakenFX
