Kraken now allows eligible users to use tokenized stocks and exchange-traded funds (ETFs) as collateral. This new feature enables futures and margin trading without needing to sell these digital assets. It offers more flexibility for traders on the platform.
Kraken has introduced a new option for its users, allowing them to use tokenized stocks and exchange-traded funds (ETFs) as collateral. Collateral is an asset a borrower offers to a lender to secure a loan. This means traders can now engage in futures and margin trading using these digital assets, rather than selling them off. Futures trading involves agreeing to buy or sell an asset at a future date for a set price, while margin trading involves borrowing funds to increase trading power. This update gives eligible traders greater flexibility and new strategies on the platform.
58.508 SRY