Kraken Enhances Margin Trading: 10× Leverage and Fresh WLD & WLFI Pairs Now Accessible

Kraken continues to be dedicated to helping traders globally enhance their wealth. The international crypto trading protocol has made remarkable enhancements to its professional exchange, allowing retail traders to utilize up to 10x leverage and access new crypto collateral assets for improved adaptability.

Moreover, Kraken has introduced margin trading pairs for Worldcoin (WLD) and World Liberty Financial (WLFI), further diversifying its crypto asset selection. The trading network is persistently advancing its sophisticated trading functionalities while emphasizing safety and accessibility.

New Margin Trading Pairs: WLD & WLFI

Expanding its cryptocurrency portfolio, Kraken has incorporated WLD and WLFI into its margin trading options. These recently introduced cryptocurrencies have shown notable trading activity, with daily volumes steadily surpassing $200 million over the last few days.

Below are the specific crypto token pairs involving WLD and WLFI, along with key trading parameters:

• WLD/USD: Up to 3x leverage. When using margin, the trading limit for WLD is 18,000.
• WLFI/USD: Up to 3x leverage. When using margin, the trading limit for WLFI is 135,000.

Currently, both pairs are only available for long position openings. Other recently introduced pairs to the Kraken margin trading platform include BNB/USD, AVNT/USDT, and STBL/USDT. Although the trading protocol does not specify future pairs to be listed, they typically involve the most desirable cryptocurrencies.

Expanded Collateral & Asset Base level

In addition to boosting maximum leverage, Kraken has expanded its variety of supported collateral assets for margin and futures trading. A recent enhancement introduced 8 new crypto collateral options:

• SPX6900 (SPX)
• Alogrand (ALGO)
• Ondo (ONDO)
• Fartcoin (FARTCOIN)
• Artificial Superintelligence Alliance (FET)
• Uniswap (UNI)
• Curve DAO Token (CRV)
• Athena (ENA)

The newly included collateral assets encompass cryptocurrencies from diverse sectors, including meme coins, decentralized finance (DeFi), and AI. At the time of writing, Kraken supports a total of 52 collateral assets for margin and futures trading, including 6 fiat currencies.

Kraken’s blend of crypto and fiat collateral options provides enhanced flexibility for strategizing. It enables more traders with various digital assets to engage in margin and derivatives trading.

Important Information for Traders: Requirements & Risks

When engaging in margin trading, Kraken users must fulfill certain requirements to open positions. It’s vital to keep in mind the risks linked to margin trading, which include asset liquidation, margin calls, and the implications of leverage.

At Kraken, margin trading is exclusively available to clients with Intermediate and Pro accounts, adhering to local laws. Accessibility may be limited in regions such as the United States, Canada, and the United Kingdom. If you verify your Kraken account to a minimum of the Intermediate level and satisfy the location criteria, you can commence margin trading on Kraken Pro.

Margin traders should be aware of margin calls and liquidation thresholds:

• Margin Call: Typically, Kraken initiates a margin call when a trader’s margin level declines to around 80%. At this juncture, a investor may receive a notification via email, although such alerts are not guaranteed.
• Liquidation Level: Should the margin level drop to approximately 40%, Kraken will automatically start a liquidation process, potentially leading to enhanced losses.

Kraken advises traders to continuously oversee their margin positions and consider closing some positions to avert total liquidation. When a trader’s margin level falls beneath the margin call, they authorize Kraken to liquidate all positions, or enough to restore the margin level to exceed 100%.

Additionally, traders should be cognizant of margin trading fees, which are applied in addition to regular trading fees:

• Opening Fee: 0.025% (long), 0.010% (short)
• Rollover Fee: ~0.02% every 4 hours on open positions

Kraken’s Advantage: The Significance of These Upgrades

With these significant enhancements to the crypto exchange, Kraken’s margin trading services are positioned to compete more effectively with those of top crypto exchanges. Particularly, Kraken’s newly implemented 10x maximum margin leverage aligns with competitors like KuCoin and Bybit.

Nevertheless, Kraken’s strength lies in its robust available volume and focused professional trading platform, Kraken Pro. Here, users gain access to a sophisticated interface equipped with intelligent risk management tools and support for over 230 margin-enabled trading pairs.

Additionally, Kraken boasts a well-established reputation as an trading protocol, backed by 14 years of industry expertise and stringent adherence to global regulations. With numerous institutions as clients, both retail and professional traders are likely to regard it as a more trustworthy margin trading platform compared to its competitors.

In Conclusion — Trade Smarter with Kraken Margin

Kraken’s recent margin upgrades provide up to 10x leverage on specific pairs, including newly introduced margin pairs like WLD/USD and WLFI/USD. The expansion of the exchange’s margin trading has also incorporated 8 crypto collateral tokens, bringing the total number of supported collateral assets to 52.

With these enhancements, Kraken fortifies its standing in the marketplace as a secure and adaptable network for margin traders. Explore Kraken today and utilize Kraken Pro to delve into new margin markets and elevate your trading approaches.

Visit Kraken

The post Kraken Boosts Margin Trading: 10× Leverage and New WLD & WLFI Pairs Now Available appeared first on 99Bitcoins.