Kraken Expands USD Margin Pairs: FARTCOIN, YFI, JASMY, PENGU Now Available

Kraken, a leading cryptocurrency exchange, has expanded its USD margin pairs to include FARTCOIN, YFI, JASMY, and PENGU. This move allows traders to leverage their positions in these tokens, potentially amplifying their gains or losses.

FARTCOIN, a Solana-based memecoin, has gained traction for its well-distributed supply and lack of centralization. YFI, the token of decentralized yield aggregator Yearn.finance, offers governance rights and fee-sharing opportunities to its holders. JASMY, a token used in Jasmy's IoT platforms, enables secure data sharing and retrieval. PENGU, the token of the Pudgy Penguins NFT project, is expected to serve as a governance and utility token, allowing holders to influence protocol decisions and unlock gated features.

To trade using margin, users must hold at least one collateral currency and meet certain eligibility criteria. Margin trading incurs additional fees for opening, closing, and holding positions. Kraken has not revealed any details about future margin pair listings but encourages users to stay tuned for updates.

Trading using margin involves risks, including the potential for significant losses. There is no guarantee that limit orders will execute, that margin pools will be available at all times, or that market orders will execute at a certain price. Traders should be aware of the liquidity and availability of the particular digital assets they are trading.

Kraken reminds users that these materials are for general information purposes only and are not investment advice. The unpredictable nature of the cryptoasset markets can lead to loss of funds, and tax may be payable on any returns or increases in the value of cryptoassets. Geographic restrictions may apply.