We’re thrilled to announce that Kraken now supports new margin pairs for SPX6900 (SPX), Kyber Network Crystal (KNC), Saga (SAGA), Qtum (QTUM), Raydium (RAY), Immutable (IMX), Pyth Network (PYTH) and Onyxcoin (XCN).
Here’s some more information about the tokens:
SPX6900 (SPX) is a memecoin rallying against the S&P500, on a mission to overtake this traditional financial index. Traders can access the SPX6900 token across several blockchain networks, including Ethereum, Solana and Base. Like other memecoins, the SPX token does not have any ‘official’ utility — though it can be transferred and held on all supported chains.
Kyber Network Crystal (KNC) is a decentralized liquidity protocol used for token swaps. Kyber allows for instant token exchanges for any decentralized application (dapp) without the need for an intermediary. Kyber Network Crystal (KNC), the first deflationary staking token, plays a critical role in the network, allowing owners to earn staking rewards and voting rights on the protocol.
Saga (SAGA) is a protocol that empowers developers to launch application-specific blockchains (or Chainlets) with ease. Its integrated stack allows anyone to spin up a high-performance, interoperable chain suited to their specific use case — without the usual friction of working with blockchain tooling. The SAGA token serves a range of purposes, including staking, securing the network and participating in governance.
Qtum (QTUM) is a hybrid platform that combines elements of both Bitcoin and Ethereum. Qtum was the first to combine the value transfer functionality of Bitcoin (BTC) and the smart contract support of Ethereum (ETH) into a single platform. This allows users to build applications running on a blockchain, while also allowing their creations to transact in a way that’s similar to Bitcoin. The QTUM cryptocurrency is used to pay fees and provide governance on the platform.
Raydium (RAY) is an automated market maker (AMM) and liquidity provider built on the Solana-based Serum DEX, enabling users to rely on ecosystem-wide liquidity for trades and swaps.
Immutable X (IMX) is a layer-2 scaling solution for Ethereum, designed to provide fast, secure, and gas-free transactions for NFTs through zk-rollups.
Pyth Network (PYTH) is one of the largest and fastest-growing first-party oracle networks. Pyth delivers real-time market data to financial dApps across 40+ blockchains and provides 380+ low-latency price feeds across cryptocurrencies, equities, ETFs, FX pairs, and commodities.
Onyxcoin (XCN) is a blockchain-based cloud infrastructure that enables organizations to build advanced financial services products. The protocol gives developers access to blockchain networks, allowing for data and transactions to be stored on a global server network. Chain Token (XCN) is the native token of the network which grants holders the right to vote on protocol improvements, pay for services across the chain protocol ecosystem as well as gain access to discounts and premium services.
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!
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.
