Kraken Adds Margin Trading for Tezos (XTZ) With up to 3x Leverage
According to the announcement, margin trading is now available for the following trading pairs:
- XTZ/EUR: 3x leverage
- XTZ/USD: 3x leverage
- XTZ/XBT: 2x leverage
- XTZ/ETH: 2x leverage
For margin trading positions there will be a 0.02% position opening fee and a 4-hour rollover fee of 0.02%. Tezos is the ninth digital asset available for margin trading on Kraken, joining Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), XRP (XRP), Ethereum Classic (ETC), Augur (REP), Monero (XMR) and Tether (USDT).
Tezos can also be staked on Kraken, making it the first altcoin on the platform to have support for both margin trading and passive staking. Investors looking to leverage XTZ as a form of collateral should note that only 50% of their holdings will be available given the volatility surrounding the altcoin.
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.