We are excited to announce that Kraken now supports new margin pairs for Pepe (PEPE), Near Protocol (NEAR), Sei (SEI), and Shiba Inu (SHIB)!
Margin trading is now available for the following pairs: PEPE, NEAR, SEI, SHIB.
| Fairbase | Pair name | Leverage Available | Long position limit | Short position limit |
|---|---|---|---|---|
| Pepe | Pepper | 3 | 3,500,000,000 | 3,500,000,000 |
| near | Near | 3 | 7,000 | 7,000 |
| BE | Seyor | 3 | 100,000 | 100,000 |
| SHIB | Shiver | 3 | 2,000,000,000 | 2,000,000,000 |
Here are more details about these tokens:
Pepe – Pepe is a Mimecoin built on the Ethereum blockchain. Inspired by the well-known Pepe the Frog character, the token quickly gained popularity after its launch in April 2023. Pepe is positioned as a human-centric digital asset that aims to challenge the dominance of the Inu-themed Mimecoin.
near – Near Protocol is a Layer 1 blockchain that allows developers to build and launch their own decentralized applications (dApps). NEAR Protocol utilizes a sharding mechanism to increase scalability and achieve faster, cheaper transactions. NEAR holders can use their tokens to cover network transaction fees associated with the use of NEAR Protocol applications and participate in governing the development of the network.
BE – Sei is a Layer 1 blockchain developed on Cosmos that aims to provide the next generation of DeFi infrastructure. Utilizing a centralized limit order book (CLOB), the Sei Network facilitates decentralized application (dApp) integration and access to liquidity within the Cosmos ecosystem. SEI validators may choose to accept other Cosmos ecosystem approval tokens for gas payments, as determined by network governance. The SEI token allows users to pay gas fees and also serves as the governance token for the protocol.
SHIB – Shiba Inu is an Ethereum-based memecoin inspired by Dogecoin (DOGE), launched in 2020 by an anonymous developer named Ryoshi. They say the project was created in response to a single question: What if cryptocurrency projects were 100% run by the community?
Things to know before you start:
To trade using margin, you must hold at least one collateral currency. The availability of margin trading services is subject to certain restrictions and eligibility criteria. Margin trading incurs additional fees for opening, closing, and holding positions. Learn more about the different rates and fees.
Will Kraken Offer More Margin Pairs?
Yes! However, our policy is not to disclose any details before launch, not even which pairs we are considering. All listed margin pairs on Kraken can be found on our website. Our client engagement specialists cannot answer questions about pairs that may be listed in the future.
Trade carefully
There is no guarantee that limit orders will be executed. There is no guarantee that margin pools will always be available. There is also no guarantee that market orders will be executed at a specific price. The availability and liquidity of a particular digital asset will affect 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. Margin trading carries risks and may not be suitable for everyone. For more information, please read Kraken’s Margin Disclosure Statement.
This material is provided for general information purposes only and is not intended to be investment advice or a recommendation or solicitation to buy, sell, hold, or otherwise engage in any particular trading strategy. Kraken makes no representations or warranties of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of this information and assumes no liability for any errors, omissions or delays in the presentation or use of this information or for any loss, injury or damage arising from such information. Kraken does not and will not seek to increase or decrease the price of any particular crypto asset it offers. Some crypto products and markets are unregulated and may not be protected by governmental compensation and/or regulatory protections. The unpredictable nature of the crypto asset markets can result in the loss of funds. Taxes may apply on gains and/or appreciation in the value of crypto assets and you should seek independent advice regarding your tax position. Geographic restrictions may apply.