CandleFocus XRP and DOGE Among Kraken's New Margin Collateral Assets
2024-11-20
Author: Content Editor
The Kraken cryptocurrency exchange has added several new altcoins as margin collateral currencies, including XRP and Dogecoin. This latest addition has almost doubled the selection of available cryptocurrencies on the platform. Kraken also allows users to use fiat currencies and stablecoins as collateral. It is worth noting that Kraken does not require users to match the collateral currency with a specific trading pair. Different cryptocurrencies have varying haircuts, with TRON, Avalanche, and Tezos having the highest haircut at 30%, while XRP has a 10% haircut. Bitcoin, Ethereum, and USD Coin have no haircut.
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