It’s official – the major cryptocurrency exchange Kraken has added Bitcoin Cash (BCH) and Ripple (XRP) support to Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Augur (REP), Monero (XMR), and Tether (USDT) – in a new form of margin trading that is in the latest crypto news.
Speaking of, the margin trading by Kraken will now offer a total of eight cryptocurrencies and will be available across all of Kraken’s platforms. Some of the new improvements also include a tweaked user interface as well as integrated charts and tools with a new mobile trading feature as well.
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As Kraken’s official news release adds:
“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.”
Right now, Kraken advises its exchange users to keep balances of collateral currencies while trading as well as be careful when trading collateral currencies into BCH and XRP with margin positions open mostly because account equity will be reduced.
“Margin trading allows you to leverage your account for greater profits, while also assuming greater risk,” the release notes.
Kraken also pointed to its own margin trading guides and the increased risk does mean that inexperienced traders should research the options thoroughly.
We have enabled margin trading for Bitcoin Cash (BCH) and Ripple (XRP)! The addition expands our margin offering to 8 assets. Read more on our blog: https://t.co/DSBaMBdOR7
— Kraken Exchange (@krakenfx) December 29, 2018
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