Kraken expands margin trading with MON/USD and NIGHT/USD listings
Crypto exchange adds two new margin-enabled pairs on Kraken Pro, lifting its leveraged markets above 240 as it outlines leverage levels, position limits and trading risks
Kraken has added MON/USD and NIGHT/USD to margin trading on Kraken Pro, taking the total number of margin-enabled markets on the platform to more than 240.
The two pairs are available with leverage of three, the company said. MON/USD carries a long position limit of 4.8 million and a short limit of 4.7 million. NIGHT/USD has both long and short limits set at 1.5 million.
Monad (MON) is a Layer 1 blockchain designed for high-performance execution with full Ethereum Virtual Machine compatibility, according to Kraken. The token supports validator staking, transaction fees, governance and broader ecosystem development.
Midnight (NIGHT) is a privacy-focused sidechain within the Cardano ecosystem that aims to introduce what it describes as “rational privacy” to Web3. NIGHT is Midnight’s native governance and utility token and is used to secure the network, pay for services and enable access to private smart contracts and applications.
Kraken said margin trading requires users to hold at least one eligible collateral currency and is subject to specific limitations and eligibility criteria. The company added that margin trading incurs additional fees when opening, closing and holding positions.
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The exchange also reiterated that it does not disclose details of future pair listings and that its client engagement specialists are unable to comment on prospective margin additions.
Kraken warned that there is no guarantee that limit or market orders will execute or that margin pool liquidity will be available at all times. Users were advised to review the platform’s Margin Disclosure Statement before trading.
The Recap
- Kraken Pro adds MON/USD and NIGHT/USD margin pairs.
- Available leverage of three for both new trading pairs.
- Margin trading now covers more than 240 markets.
