I’m excited that Kraken supports new margin pairs for SPX6900 (SPX), Kyber Network Crystal (KNC), Saga (Voice), QTUM (QTUM), Raydium (Ray), Immutable (IMX), and Pyth Network Masu. IMX) and onyxcoin (xcn).
Below is more information about the token:
The SPX6900 (SPX) is a memo coin that gathers for the S&P500 on its mission to overtake this traditional financial index. Traders can access SPX6900 tokens on several blockchain networks, including Ethereum, Solana, and Base. Like other Memecoin, SPX tokens do not have an “official” utility, but can be transferred and held in any supported chain.
Kyber Network Crystal (KNC) is a decentralized liquidity protocol used for token swaps. Kyber allows instant token exchanges with distributed applications (DAPPs) without the need for intermediaries. The first deflationary staking token, Kyber Network Crystal (KNC), plays a key role in the network, allowing owners to acquire staking rewards and voting rights through protocols.
SAGA (SAGA) is a protocol that allows developers to easily launch application-specific blockchains (or chainlets). The integrated stack allows anyone to spin up a high-performance interoperable chain suitable for a particular use case without the usual friction of using blockchain tools. Saga Tokens serve a variety of purposes, including staking, networking, and participation in governance.
QTUM (QTUM) is a hybrid platform that combines both Bitcoin and Ethereum elements. QTUM was the first to combine Bitcoin (BTC) value transfer capabilities with Ethereum (ETH) smart contract support into a single platform. This allows users to build applications running on the blockchain, and also allow them to be created in a Bitcoin-like way. QTUM cryptocurrency is used to pay fees and provide governance on the platform.
Raydium (Ray) is an automated market maker (AMM) and liquidity provider built on Solana-based Serum Dex, allowing users to rely on liquidity across the ecosystem of transactions and swaps.
Immutable X (IMX) is Ethereum’s Layer 2 Scaling Solution, designed to provide fast, safe, gas-free transactions to NFTs via ZK-Rollups.
Pyth Network (Pyth) is one of the largest and fastest growing first-party Oracle Networks. Pyth provides real-time market data to financial DAPP across more than 40 blockchains, offering over 380 low latency price feeds on cryptocurrencies, stocks, ETFs, FX pairs and products.
Onyxcoin (XCN) is a blockchain-based cloud infrastructure that enables organizations to build sophisticated financial services products. This protocol allows developers to access blockchain networks and store data and transactions in a global server network. Chain Tokens (XCNs) are network native tokens that grant holders the right to vote for protocol improvements, payment for services across the Chain Protocol ecosystem, and gain access to discounts and premium services. is.
Before you begin, what you need to know:
To trade using margins, you must hold at least one collateral currency.
The availability of margin trading services is subject to certain restrictions and eligibility criteria.
Margin trading involves an additional fee to open, close and hold positions. Find out more about the various pricing and rates.
Does Kraken offer more pairs in margins?
yes! However, our policy is to never reveal any details before launching. All listed margin pairs of Kraken are available on our website. Client engagement specialists are unable to answer questions about which pairs they list in the future.
I’ll trade with caution
There is no guarantee that the restriction order will be implemented. There is no guarantee of margin pool availability at all times. There is also no guarantee for market orders executed at a specific price. The availability and liquidity of a particular digital asset affects these types of orders.
Ready to trade, but don’t have a Kraken account yet? Sign up today!
The availability of margin trading services is subject to certain restrictions and eligibility criteria. Transactions using margins include elements of risk and may not be suitable for everyone. Read Kraken’s Margin Disclosure Statement for more information.
These materials are for general information purposes only and are not investment advice or recommendations or solicitations to purchase, sell, bet or hold CryptoAssets or engage in any particular trading strategy. Kraken does not work to raise or lower the prices of certain CryptoAssets that become available. Some crypto products and markets are regulated, while others are not regulated. Anyway, Kraken may or may not need to be registered or permitted to provide specific products and services in each market. It may also not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the CryptoAsset market can lead to losses of funds. Taxes may be paid for returns and/or increased value of crypto assets, and you must seek independent advice on your tax position. Geographical restrictions may apply. Please see this legal disclosure by jurisdiction.
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