Kraken Adds Margin Trading for Tezos (XTZ) With up to 3x Leverage

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San Francisco-based crypto exchange Kraken announced on Friday that it has added margin trading support for Tezos (XTZ).

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.

XTZ/USD is up nearly 84% in the past month (TradingView)

This news comes several weeks after Kraken listed Algorand (ALGO) and around four months after the initial listing of XTZ.

More: Tezos Margin Trading Is Now Available on Kraken and Kraken Pro

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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