Kraken Cryptoexchange starts with Bitcoin Cash (BCH) and Ripple (XRP) Margin Trading

Kraken announced the launch of margin trading for Bitcoin Cash (BCH) and Ripple (XRP).

Kraken crypto / digital asset exchange is one of the world’s largest and oldest bitcoin exchanges. As per CoinMarketCap portal, it ranks 27th among all another crypto / digital asset exchanges.

So the total of 8 number of cryptocurrencies supported for margin trading on Kraken. Now, The total list of cryptocurrencies for margin trading is Bitcoin (XBT), Ethereum (ETH), Ethereum Classic (ETC), Augur (REP), Monero (XMR), and Tether (USDT).

The announcement cautioned about BCH and XRP are not being collateral currencies and said, "Please note that BCH and XRP are not collateral currencies. This means you cannot open margin positions against the value of your BCH or XRP balances.  For this reason, you should always maintain adequate balances of other collateral currencies to maintain your margin positions. Be extremely careful when trading collateral currencies for BCH or XRP when you have margin positions open since this will reduce your account equity and could possibly lead to the liquidation of your margin positions."

The existing collateral cryptocurrencies supported on Kraken are XBT (Bitcoin), ETH (Ethereum) along with  EUR (EURO), USD (US Dollar), CAD (Canadian Dollar) and JPN (Japanese Yen)

Margin trading is available at new UI

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Mandar is a seasoned software professional for more than a decade. He is Cloud, AI, IoT, Blockchain and Fintech enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about the Cloud, AI, IoT, Blockchain and Fintech and the effects they will have economically and socially in the future.

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