We’re thrilled to announce that Kraken now supports new margin pairs for Fantom (FTM), Lido DAO (LDO), Ocean Protocol (OCEAN) and PAXG (PAX Gold)!
Fantom is a blockchain-based smart contract platform for developing decentralized applications (dApps). The platform uses a novel consensus mechanism and asynchronous Byzantine Fault Tolerance (aBFT) approach to solve issues with decentralization, security and scalability found in existing blockchains. FTM is the native token of the protocol which is used to vote on decisions affecting the future of the platform, pay network transaction fees, interact with its ecosystem of dApps and earn rewards via staking.
Lido is a liquid staking solution for Ethereum. Lido lets users continue to use their staked ETH for other on-chain actions, like providing collateral for a DeFi loan. LDO, Lido’s native token, can empower holders to vote on governance proposals like fee parameters and new node operators.
The Ocean Protocol is a decentralized exchange for data consumers and providers. The Ocean Protocol aims to spread the benefits of artificial intelligence by giving anyone the opportunity to access and monetize data. To accomplish this, they’ve created the Ocean Market – an open-source community marketplace where participants can buy and sell data with the Ocean Token (OCEAN). Users that stake OCEAN can also earn additional rewards from transaction fees.
PAX Gold lets you purchase real gold in the form of cryptocurrency. PAX Gold (PAXG) is a cryptocurrency that is backed by gold. Anyone who owns PAXG owns the underlying physical gold, which is held in custody by Paxos Trust Company. It is often used as a hedge against crypto volatility, and the price of 1 PAXG token is backed by one fine troy ounce (t oz) of a 400 oz London good delivery gold bar.
Margin trading is now available for the below pairs:
Note:
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.
Offering margin trading on an asset or token is not a recommendation to buy, sell or participate in the associated network. Do your own research and invest at your own risk.
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 digital asset or to engage in any specific trading strategy. 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 apply.
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Source: https://blog.kraken.com/post/17972/expanded-margin-pairs-available-for-ftm-ldo-ocean-and-paxg/
