🚨⚠️⚠️Good News for Shiba Inu (SHIB)? Major Exchange Extends Support🚨⚠️⚠️
More Support for SHIB and Other Altcoins
One of the leading US-based cryptocurrency exchanges, Kraken, expanded the list of margin pairs offered on its platform. Most recently, it added SHIB/EUR, NEAR/EUR, SEI/EUR, and PEPE/EUR.
The euro (EUR) is the official currency of the Eurozone, which consists of 20 countries, including Germany, France, Spain, Italy, Austria, the Netherlands, and other strong economies. Kraken’s latest offering means more options for European users, especially those who primarily deal with the aforementioned fiat currency.
Margin trading enables clients to employ loaned funds in leveraged trades. To do so, they must provide collateral which can be in the form of cryptocurrencies. The option offers the potential for higher returns but is also associated with an increased risk of liquidation.
The newly included margin pairs on Kraken have different specifications. For example, the SHIB/EUR pair offers up to 3x leverage with a $2 billion limit on opening long and short positions.
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