Kraken Expands Margin Trading Pairs with SUI, POL, CHZ, STRK, SUSHI, ZRX, ZRO, ENS, and DYDX

Published: 2025-01-15 16:02:14 |

Kraken has expanded its margin trading offerings, introducing new pairs for Sui (SUI), Polygon (POL), Chiliz (CHZ), Starknet (STRK), SushiSwap (SUSHI), 0x Protocol (ZRX), LayerZero (ZRO), Ethereum Name Service (ENS), and dYdX (DYDX), all with up to 3x leverage. This move allows traders to engage in margin trading across a diverse range of cryptocurrencies, enhancing market activity, liquidity, and offering both long and short trade opportunities. Each cryptocurrency serves unique roles such as Layer 2 scaling solutions, decentralized exchanges, and domain services. The platform highlights the risks involved in margin trading and encourages informed strategies while aiming to expand margin products discreetly.

Bullish

Kraken’s expansion of margin trading pairs to include a wider array of both Layer 1 and DeFi tokens presents new opportunities for traders, potentially driving higher trading volumes and liquidity in these markets. Such expansions typically signal increased trader interest and could lead to short-term bullish momentum as more traders engage with these assets. In the long term, the diversified offerings could strengthen Kraken’s market position, potentially maintaining a steady level of interest.