We're excited to announce the expansion of Kraken's margin trading platform to include Bitcoin Cash (BCH) and Ripple (XRP). This update brings the total margin-tradable assets to eight, alongside Bitcoin (XBT), Ethereum (ETH), Ethereum Classic (ETC), Augur (REP), Monero (XMR), and Tether (USDT).
Available Currency Pairs and Leverage
Bitcoin Cash (BCH)
- BCH/XBT: 2x leverage
- BCH/USD: 2x, 3x leverage
- BCH/EUR: 2x, 3x leverage
Ripple (XRP)
- XRP/XBT: 2x, 3x leverage
- XRP/USD: 2x, 3x, 4x, 5x leverage
- XRP/EUR: 2x, 3x, 4x, 5x leverage
Borrow Limits by Account Tier
Bitcoin Cash (BCH)
- Tier 1: 1 BCH
- Tier 2: 5 BCH
- Tier 3: 50 BCH
- Tier 4: 500 BCH
Ripple (XRP)
- Tier 1: 5,000 XRP
- Tier 2: 25,000 XRP
- Tier 3: 250,000 XRP
- Tier 4: 2,500,000 XRP
Margin Trading Fees
- Margin Open Fee: 0.02%
- Rollover Fee: 0.02% every 4 hours
Platform Availability
Margin trading is supported on both Kraken’s main platform and the new trading interface. The latter offers enhanced features like integrated charts, mobile compatibility, and a streamlined UI.
👉 Explore Kraken’s advanced trading tools
Important Notes
- Collateral Restrictions: BCH and XRP cannot be used as collateral. Ensure you hold sufficient balances of other supported collateral currencies to avoid liquidation.
- Risk Warning: Margin trading amplifies both gains and losses. Understand terms like Margin Call Level and Liquidation Level before proceeding.
Benefits of Margin Trading
- Leverage Opportunities: Amplify potential profits (and risks) with borrowed funds.
- Strategic Flexibility: Capitalize on market movements without full upfront capital.
For beginners, Kraken’s Support Center provides detailed guides:
FAQs
Can I use BCH/XRP as collateral for margin trades?
No. Only specified collateral currencies (e.g., XBT, ETH) can secure margin positions.
What happens if my margin position nears liquidation?
Kraken will issue a margin call. If equity falls below the liquidation level, positions close automatically to limit losses.
Where can I practice margin trading?
👉 Kraken’s demo platform offers risk-free simulation.
Final Tips
- Start Small: Test strategies with minimal leverage.
- Monitor Markets: Use Kraken’s real-time alerts to stay updated.
- Educate Yourself: Review Kraken’s risk disclosure before trading.
For further assistance, visit Kraken Support.