Expanded margin pairs available for NEAR and SEI!
Kraken now supports new margin pairs for NEAR Protocol (NEAR) and Sei network (SEI)!
Margin trading is now available using the below pairs for NEAR and SEI:
Pair basePair nameAvailable leverageLong Position Limit Short Position LimitNEARNEARUSD3800010000SEISEIUSD24000045000
Here’s what you need to know about the assets:
NEAR Protocol (NEAR) is a cloud-based computing platform for Web3 and decentralized applications (dApps). The protocol’s community-operated cloud infrastructure and novel sharding architecture allow developers to create interoperable and scalable applications. NEAR is the native token of the platform which is used to pay for network transaction fees and earn rewards for helping secure the protocol via staking.
Sei Network (SEI) is a Layer 1 blockchain developed on Cosmos that aims to provide a next-generation DeFi infrastructure. Utilizing Centralized Order Books (CLOB), Sei Network facilitates dApp integration and access to liquidity within the Cosmos ecosystem. SEI validators can choose to accept other Comos ecosystem approved tokens for gas payment based on network governance. The SEI token allows users to pay for gas fees and also functions as the protocol’s governance token.
Before you start, what you should know:
In order to trade using margin, you will need to hold at least one collateral currency.
The availability of margin trading services is subject to certain limitations and eligibility criteria.
Margin trading incurs additional fees for opening, closing and holding a position. Learn more about the different rates and fees.
Will Kraken offer more pairs on margin?
Yes! But our policy is to never reveal any details before launch – not even which pairs we are considering. All of Kraken’s listed margin pairs are available on our website. Our client engagement specialists cannot answer any questions about which pairs we may be listing in the future.
Trade with caution
There is no guarantee that a limit order will execute. There is no guarantee of margin pool availability at all times. There is also no guarantee of a market order executing at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.
Offering margin trading on an asset or token is not a recommendation to buy, sell or participate in the associated network. Do your own research and invest at your own risk.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply.
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