New assets and pairs available for margin trading: MON and NIGHT!

Here’s some more information about the tokens:

Monad (MON) is a next generation Layer 1 blockchain focused on high performance execution with full EVM compatibility. It achieves parallel transaction processing and low latency finality through innovative consensus and execution layers. The MON token powers validator staking, transaction fees, governance, and ecosystem growth.

Midnight (NIGHT) is a privacy focused sidechain in the Cardano ecosystem that aims to bring what it calls “rational privacy” to Web3. It uses zero knowledge proofs and a dual token model so developers can build applications that protect sensitive data while still supporting compliance and audit requirements. NIGHT is Midnight’s native governance and utility token. It is used to help secure the network, pay for services and access private smart contracts and applications that run on the Midnight chain.

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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