The popular cryptocurrency exchange Kraken will add the possibility of margin trading for BCH and XRP cryptocurrencies. The exchange said this in its blog on Saturday, noting that the above assets will be traded in pairs with bitcoin, the dollar and the Euro.
Kraken provides a relatively modest leverage for customers who wish to maximize their profits using borrowed funds. In pairs with BCH it will be possible to take a maximum of x3, and in pairs with XRP – x5.
There are also loan limits, which depend on the level of verification. For the first level 1 BCH and 5000 XRP will be available, for the second-5 BCH and 25 000 XRP, for the third – 50 BCH and 250 000 XRP, and for the fourth – 500 BCH and 2 500 000 XRP.
The Commission for opening margin is 0.02%, and for the extension of the transaction for 4 hours will be charged another 0.02%.
Thus, now eight cryptocurrencies will be available for margin trading on the Kraken platform – previously it was possible to open a trade with leverage in pairs with bitcoin, ether, Ethereum Classic, Augur, Monero and Tether.
Note that in November Kraken began to support Bech32 addresses for bitcoin and QTUM, in connection with which all the advantages of SegWit technology became available to users.