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.
BCH/XBT – 2x
BCH/USD – 2x, 3x
BCH/EUR – 2x, 3x
XRP/XBT – 2x, 3x
XRP/USD – 2x, 3x, 4x, 5x
XRP/EUR – 2x, 3x, 4x, 5x
With respect to their borrow limits, following tiers depending on the verification level of the user account were provided by Kraken.
Tier 1: 1 BCH
Tier 2: 5 BCH
Tier 3: 50 BCH
Tier 4: 500 BCH
Tier 1: 5,000 XRP
Tier 2: 25,000 XRP
Tier 3: 250,000 XRP
Tier 4: 2,500,000 XRP
The exchange will charge 0.02% as an opening fee for margin trading and a similar percentage as rollover fee per 4 hours.
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