Kraken now allows eligible users to use tokenized stocks and ETFs as collateral for futures and margin trading. This means traders can leverage their positions without selling their digital asset holdings.
Kraken, a major cryptocurrency exchange, has introduced a new feature for its qualified users. They can now use specific tokenized stocks and ETFs as collateral for futures and margin trading. Tokenized stocks are digital representations of traditional company shares on a blockchain. This update means traders do not have to sell their existing tokenized assets to engage in leveraged trading, which is trading with borrowed funds to increase potential returns. This offers greater flexibility and capital efficiency for those looking to expand their trading strategies on the platform.
282.097 SRY