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Kraken Expands Margin Trading: Seven New USDC Pairs Added
Generated by AI AgentCoin World
Thursday, Feb 13, 2025 10:26 am ET1min read
Kraken Pro has expanded its margin trading services, adding new USDC margin pairs for seven popular cryptocurrencies. The move brings the total number of markets enabled for margin trading on the platform to over 200. The new pairs include:
- SOL/USDC for Solana (SOL)
- XRP/USDC for XRP (XRP)
- ADA/USDC for Cardano (ADA)
- DOGE/USDC for Dogecoin (DOGE)
- LTC/USDC for Litecoin (LTC)
- LINK/USDC for Chainlink (LINK)
- DOT/USDC for Polkadot (DOT)
These new margin pairs offer varying leverage and position limits, catering to different trading strategies. Before engaging in margin trading, users should be aware of the following:
- Margin trading requires holding 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.
Kraken has not revealed any details about future margin pair listings, but the platform continues to explore new opportunities to expand its services. As always, traders should exercise caution when using margin trading and be aware of the risks involved. Kraken encourages users to familiarize themselves with the platform's margin disclosure statement and legal disclosures for each jurisdiction.
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