Kraken Adds Margin Trading for Bitcoin Cash (BCH) and “Ripple” (XRP)


Kraken, a San Francisco-based exchange with more than 60 trading pairs for 20 different cryptocurrencies, announced Friday that it has added margin trading for Bitcoin Cash (BCH) and XRP (XRP).

According to the announcement, XRP and BCH will join the 6 other assets that are currently available for margin trading on Kraken, including Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Augur (REP), Monero (XMR), and Tether (USDT).

Investors can now trade BCH with up to 3x leverage and XRP with up to 5x leverage, depending on the trading pair.

Despite the seemingly positive news for the XRP community, the reception was less than positive as Kraken continues to use the ‘Ripple (XRP)’ nomenclature. Responding to the criticism, the exchange released an additional tweet clarifying its position.

As expected, Kraken’s explanation was not well-received by members of the XRP Army, but the exchange seems unlikely to change its naming conventions on XRP’s behalf.

More: Kraken launches Bitcoin Cash (BCH) and Ripple (XRP) margin trading
Interesting: Binance Adds XRP Base Pairs for TRON and ZCoin

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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