We’re thrilled to announce that Kraken now supports new margin pairs for SushiSwap (SUSHI), 0x Protocol (ZRX), LayerZero (ZRO), Ethereum Name Service (ENS) and dYdX (DYDX). Margin trading is now available for the below pairs for SUSHI, ZRX, ZRO, ENS and DYDX: Pair base Pair name Available Leverage Long Position Limit Short Position Limit SUSHI SUSHI/USD 3 12,000 12,000 ZRX ZRX/USD 3 40,000 40,000 ZRO ZRO/USD 3 4,000 4,000 ENS ENS/USD 3 650 650 DYDX DYDX/USD 3 12,000 12,000 Get started with Kraken Here’s some more information about the tokens: SushiSwap (SUSHI) is a decentralized exchange for trading ERC-20 tokens and cryptocurrencies. Built on Ethereum, Sushi is a decentralized exchange (DEX) platform where users can buy and sell various crypto assets. To provide liquidity, users first lock up assets into pools, and traders then buy and sell cryptocurrencies from those pools, swapping out one token for another. Anyone who holds its native cryptocurrency, SUSHI, can propose changes to the software and vote on submitted proposals by other users. 0x Protocol (ZRX) is a decentralized marketplace. Built on Ethereum, 0x is a peer-to-peer marketplace designed to facilitate the exchange of Ethereum-based assets representing any form of value – including tokens representing physical real estate, shares of stocks and bonds, or ones representing other crypto assets. It’s cryptocurrency, ZRX, is designed to distribute the management and operation of the 0x platform. LayerZero (ZRO) LayerZero is an interoperability protocol that connects over 50 blockchains, empowering developers to build omnichain applications. Leveraging smart contracts on supported chains, Decentralized Verifier Networks (DVNs) and Executors, it ensures seamless messaging between chains. The ZRO token acts as both a governance and a staking token, allowing participation in the protocol’s decision-making process and rewards mechanism. Ethereum Name Service (ENS) is a domain naming system built on the Ethereum blockchain. The service offers a secure way to translate the randomly generated letters and numbers of an Ethereum address into an easily recognized name. ENS is the native token of the service which is used to vote on decisions that affect the future direction of the project. dYdX (DYDX) dYdX is a decentralized Layer 2 trading platform built on Ethereum offering a range of financial products, including margin trading, derivatives and perpetual contracts. dYdX allows users to borrow, lend and make predictions on the future prices of popular cryptocurrencies. Rather than maintaining a central order book where buyers and sellers can place orders, dYdX instead uses a collection of liquidity pools, where funds can be accessed by traders seeking to buy or sell cryptocurrencies. dYdX’s native cryptocurrency, DYDX, acts as the platform’s governance token and enables participants to vote on protocol upgrades to the network. 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. Ready to trade but don’t have a Kraken account yet? Sign up today ! Get started with Kraken 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 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 regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, 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. See Legal Disclosures for each jurisdiction here . The post Expanded margin pairs available for SUSHI, ZRX, ZRO, ENS and DYDX! appeared first on Kraken Blog .
