We’re thrilled to announce that Kraken now supports new margin pairs for Axie Infinity (AXS), Curve DAO (CRV), The Graph (GRT) and Nano (NANO)!
Margin trading is now available for the below pairs:
|Pair base||Pair name||Available leverage||Long Position Limit||Short Position Limit|
|AXS||AXS / USD||3x||1,000||1,000|
|AXS / EUR||2x||600||600|
|CRV||CRV / USD||3x||15,000||15,000|
|CRV / EUR||2x||10,000||10,000|
|GRT||GRT / USD||2x||75,000||75,000|
|GRT / EUR||2x||75,000||75,000|
|NANO||NANO / USD||3x||10,000||10,000|
|NANO / EUR||2x||10,000||10,000|
Here’s what you need to know about the assets:
Axie Infinity Shards (AXS) – Axie Infinity is a turn-based card game built on the Ethereum network that allows players to breed, raise, battle and trade Axie creatures.
Axie Infinity describes itself as a Pokemon- and Tamagotchi-inspired game that utilizes Non-Fungible Tokens (NFTs) to represent unique creatures, abilities, land plots and other in-game assets.
Curve DAO (CRV) – Curve is a software that uses multiple cryptocurrencies to operate an automated market making service focused on stablecoins (cryptocurrencies programmed to mimic other assets).
One of a number of emerging decentralized finance (DeFi) protocols built on Ethereum, Curve facilitates trading not using a central order book, but rather pools of cryptocurrencies provided by users, who in turn can earn fees through their deposits.
The Graph (GRT) – The Graph is an open-sourced software used to collect, process and store data from various blockchain applications to facilitate information retrieval.
Originally launched on the Ethereum blockchain, The Graph’s mission is to help developers use relevant data to increase the efficiency of their decentralized applications (dApps).
Nano (NANO) – Nano is a software designed to facilitate fee-free cryptocurrency transactions. Key to Nano’s design is that each account has its own blockchain that only the owner can update.
To make a transaction, an account owner signs a transaction that updates their own ledger and broadcasts it out to the Nano network. When Nano nodes see enough confirmations to validate the transaction, they all independently deem the transaction as irreversible, updating their copy of the ledger.
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 cryptoasset or to engage in any specific trading strategy. Some cryptoassets 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.
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