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Kraken Pro adds gold-backed token and three digital assets to margin trading lineup

Exchange takes total margin markets past 250 with new pairs covering tokenised gold, a decentralised exchange token, and two blockchain network currencies

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by Defused News Writer
Kraken Pro adds gold-backed token and three digital assets to margin trading lineup
Photo by Art Rachen / Unsplash

Kraken Pro, the professional trading platform of crypto exchange Kraken, has added four new assets to its margin trading offering, taking its total to more than 250 markets.

The new pairs, all quoted against the US dollar, are Tether Gold (XAUT), Aster (ASTER), XDC Network (XDC), and Canton Network (CC).

Tether Gold is a digital token backed one-to-one by London Bullion Market Association-certified physical gold held in Swiss vaults, offering holders the ability to trade and redeem against the underlying metal without interruption.

Aster is the native token of a decentralised exchange operating across the BNB Chain, Ethereum, Solana, and Arbitrum networks, offering spot and perpetual trading with features including protection against maximal extractable value (MEV), a practice where traders exploit transaction ordering to extract profit from other users.

The XDC Network is a hybrid blockchain designed for trade finance and cross-border transactions, using XDC as its native settlement currency.

Canton Network is a privacy-enabled smart contract blockchain aimed at real-world assets (RWAs) and traditional financial institutions, with its CC token used for transaction fees, staking, and rewards.

Kraken published leverage and position limits for each new pair, with figures varying significantly across the four assets.

The company said traders must hold at least one eligible collateral currency to access margin trading and noted that margin products are subject to eligibility criteria, additional fees, and limits on pool availability.

Margin trading allows traders to borrow funds to increase their exposure beyond their account balance, amplifying both potential gains and losses.

The recap

  • Kraken Pro added XAUT, ASTER, XDC and CC for margin trading.
  • New pairs bring Kraken Pro to over 250 margin markets.
  • Traders must hold a collateral currency to use margin.
Defused News Writer profile image
by Defused News Writer

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