We’re thrilled to announce that Kraken now supports new margin pairs for Sui (SUI), Polygon (POL), Chiliz (CHZ) and Starknet (STRK)!
Here’s some more information about the tokens:
Sui (SUI) is a scalable, low-latency smart contract platform powered by a permissionless set of validators. Sui allows transactions to be processed in parallel thanks to its unique data model and approach to consensus. The SUI token allows network users to pay gas fees, while also helping to ensure smooth transaction execution and reliable storage of operations on the network.
Polygon Ecosystem Token (POL) is a multi-chain scaling solution for the Ethereum blockchain. Polygon is a Layer 2 (L2) scaling solution for Ethereum that aims to improve the speed and reduce the cost of executing transactions on Ethereum. Polygon uses sidechains to help with off-chain computation while maintaining security and uses a decentralized network of proof-of-stake (PoS) validators. POL is an upgrade and renaming of the MATIC token. Switching to POL token is expected to enhance tokenomics and governance rights, allowing stakeholders greater involvement in decision-making process of Polygon through community initiatives.
Chiliz (CHZ) is the cryptocurrency used by sports fans to purchase “fan tokens” on the socios.com platform. These tokens allow participants to influence their favorite teams by voting on decisions while also earning engagement-based rewards. Chiliz also operates a cryptocurrency exchange platform where fan tokens can be purchased and traded.
Starknet Token (STRK) is the cryptocurrency of Starknet, an L2 rollup on the Ethereum network. Starknet leverages STARK, its unique zero-knowledge proof (ZK-proof) technology, for processing and authenticating transactions. The native cryptocurrency of Starknet is referred to as STRK, which is integral to the Starknet L2 ecosystem.
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? Click below!
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 makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. 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 unregulated, 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.
