We’re thrilled to announce that Kraken now supports new margin pairs for Tether (USDT), USD Coin (USDC) and Dai (DAI)!
Trading
Margin trading is now available for:
Here’s what you need to know about the assets:
Tether (USDT) – Tether is a collateralized stablecoin cryptocurrency that’s pegged to the U.S. dollar and backed by Tether’s assets and reserves. It was designed to facilitate the conversion of cash to digital currency.
USD Coin (USDC) – USD Coin is a U.S. dollar-backed stablecoin cryptocurrency that’s pegged to the U.S. dollar. USDC was designed to enable faster and more cost effective transactions relative to traditional banks. USDC is an ERC-20 token built on the Ethereum platform and acts as a stable store of value.
Dai (DAI) – Dai is a collateral-backed stablecoin cryptocurrency that’s backed by collateralized debt in order to maintain a stable 1:1 value with the U.S. dollar. Dai was created to provide a non-volatile lending asset for individuals and businesses alike.
Keep an eye on our status page for updates. Check out all of Kraken’s supported margin pairs here.
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, 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 crypto assets and you should seek independent advice on your taxation position.
Like this:
Like Loading…
Source: https://blog.kraken.com/post/14322/launching-margin-trading-for-eight-stablecoin-pairs/
