New EUR pairs available for margin trading: BNB, W, HYPE, HBAR, JUP!

Here’s some more information about the tokens:

BNB (BNB) is the native token of BNB Chain, a blockchain network developed by Binance. Originally launched as a utility token for the Binance centralised exchange, BNB now powers a broad ecosystem of decentralised applications, DeFi protocols, and NFT platforms. It is used to pay for transaction fees on the network, participate in token launches on Binance Launchpad, and access a wide range of services across the Binance ecosystem.

Wormhole (W) is a cross-chain messaging protocol enabling the transfer of assets and data across more than 30 blockchain networks, including Ethereum, Solana, and Avalanche. W is the native governance token of the Wormhole protocol, used for voting on protocol upgrades and network parameters. Wormhole serves as one of the most widely used interoperability layers in decentralised finance, facilitating billions in cross-chain asset transfers.

Hyperliquid (HYPE) is the native token of Hyperliquid, a high-performance decentralised exchange built on its own Layer 1 blockchain. The platform specialises in on-chain perpetual futures trading and is known for its fast transaction finality and fully on-chain orderbook model. HYPE is used for staking, governance, and as a fee mechanism within the Hyperliquid ecosystem.

Hedera (HBAR) is the native cryptocurrency of the Hedera network, an enterprise-grade public distributed ledger that uses a hashgraph consensus mechanism rather than a traditional blockchain. Hedera offers high throughput and low, predictable transaction fees, making it suitable for enterprise and consumer applications. HBAR is used to pay for network services, run smart contracts, and participate in network security through staking. The network is governed by a council of major global organisations.

Jupiter (JUP) is the leading decentralised exchange aggregator on Solana, routing trades across multiple liquidity sources to provide users with the best available prices. JUP is the governance token of the Jupiter protocol, enabling holders to vote on protocol decisions and participate in the platform’s DAO. Jupiter also supports perpetuals trading, limit orders, and dollar-cost averaging functionality.

Before you start, what you should know:

In order to trade using margin, you will need to hold at least one collateral currency.

The availability of margin trading services is subject to certain limitations and eligibility criteria.

Margin trading incurs additional fees for opening, closing and holding a position. Learn more about the different rates and fees.

Will Kraken offer more pairs on margin?

Yes! But our policy is to never reveal any details before launch – not even which pairs we are considering. All of Kraken’s listed margin pairs are available on our website. Our client engagement specialists cannot answer any questions about which pairs we may be listing in the future. 

Trade with caution

There is no guarantee that a limit order will execute. There is no guarantee of margin pool availability at all times. There is also no guarantee of a market order executing at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.

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