Kraken Cryptocurrency Exchange Adds Ripple And Bitcoin Cash For Margin Trading
Kraken, the world’s largest bitcoin exchange in euro volume and liquidity expands its margin trading platform to include support for Bitcoin Cash (BCH) and XRP. The platform now offers eight digital assets with margin trading – Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Augur (REP), Monero (XMR), Tether (USDT), Bitcoin Cash (BCH) and XRP
We have enabled margin trading for Bitcoin Cash (BCH) and Ripple (XRP)! The addition expands our margin offering to 8 assets. Read more on our blog: https://t.co/DSBaMBdOR7
— Kraken Exchange (@krakenfx) December 29, 2018
XRP and BCH Leverages
The team at Kraken went on to specify the following leverage amounts for each new trading pairs.
Bitcoin Cash
BCH/XBT – 2x
BCH/USD – 2x, 3x
BCH/EUR – 2x, 3xXRP
XRP/XBT – 2x, 3x
XRP/USD – 2x, 3x, 4x, 5x
XRP/EUR – 2x, 3x, 4x, 5x
Borrow Limits
With respect to their borrow limits, following tiers depending on the verification level of the user account were provided by Kraken.
Bitcoin Cash
Tier 1: 1 BCH
Tier 2: 5 BCH
Tier 3: 50 BCH
Tier 4: 500 BCHXRP
Tier 1: 5,000 XRP
Tier 2: 25,000 XRP
Tier 3: 250,000 XRP
Tier 4: 2,500,000 XRP
Margin Fees
The exchange will charge 0.02% as an opening fee for margin trading and a similar percentage as rollover fee per 4 hours.
Read more: Founder Of UBER To Launch His Own Crypto Exchange
Arshmeet Hora
The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.” Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.
