Kraken Cryptocurrency Exchange Adds Ripple And Bitcoin Cash For Margin Trading

by | Jan 1, 2019 | Cryptocurrency, Cryptocurrency News, Uncategorized

Kraken | Cryptocurrency exchange | Margin Trading | BCH | Ripple | XRP | Bitcoin Cash

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

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, 3x

XRP
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 BCH

XRP
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.

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