We’re thrilled 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 below pairs for PEPE, NEAR, SEI, and SHIB:
Pair Base
Pair Name
Available Leverage
Long Position Limit
Short Position Limit
PEPE
PEPEEUR
3
3,500,000,000
3,500,000,000
NEAR
NEAREUR
3
7,000
7,000
SEI
SEIEUR
3
100,000
100,000
SHIB
SHIBEUR
3
2,000,000,000
2,000,000,000
Here’s some more information about these 8 assets:
PEPE – Pepe is a memecoin built on the Ethereum blockchain. Inspired by the well-known Pepe the Frog character, the token quickly gained traction after it launched in April 2023. Pepe positions itself as a people-oriented digital asset that aims to challenge the dominance of Inu-themed memecoins.
NEAR – Near Protocol is a Layer 1 blockchain for developers to create and launch their own decentralized applications (dApps). NEAR Protocol leverages a sharding mechanism to achieve increased scalability and faster, cheaper transactions. NEAR holders can use their tokens to cover network transaction fees associated with using NEAR Protocol applications and participate in governing the network’s development.
SEI – Sei is a Layer 1 blockchain developed on Cosmos that aims to provide a next-generation DeFi infrastructure. Utilizing central limit order books (CLOBs), Sei Network facilitates decentralized application (dApp) integration and access to liquidity within the Cosmos ecosystem. SEI validators can choose to accept other Cosmos ecosystem approved tokens for gas payment based on network governance. The SEI token allows users to pay for gas fees and also functions as the protocol’s governance token.
SHIB – Shiba Inu is an Ethereum-based memecoin inspired by Dogecoin (DOGE), launched in 2020 by an anonymous developer known as Ryoshi. They state that the project was created as a response to a single question: What would happen if a cryptocurrency project was 100% run by its community?
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.
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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.
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Source: Kraken Blog
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