Kraken launches margin trading for JTO, GRASS and WLFI
3 new tokens now available for margin trading, total markets exceed 250.
1New margin trading pairs
Kraken has enabled margin trading for JTO/USD, GRASS/USD and WLFI/USD pairs. With these three new tokens, the total number of margin-enabled markets on the platform now exceeds 250. JTO and GRASS pairs offer 3x leverage, while WLFI/USD is only available for long positions. Margin trading allows investors to open larger positions with smaller capital.
2Function of JTO Token
Jito (JTO) is the governance token of a liquid staking and MEV protocol built on Solana blockchain. Users can stake SOL to receive JitoSOL and earn additional rewards from MEV. JTO token holders have voting rights on protocol parameters and treasury. The token aims to improve efficiency of stakeable assets within Solana ecosystem.
3GRASS decentralized network
GRASS token powers a network where users can share unused internet bandwidth for rewards. The collected data creates an open data layer for AI and other applications. Network participants earn GRASS tokens and gain governance rights. The system introduces a novel model for decentralized data collection.
4WLFI's DeFi-focused services
World Liberty Financial (WLFI) is the governance token of a decentralized finance platform specializing in lending, borrowing and stablecoin services. WLFI holders can vote on the protocol's future direction and parameters. The token aims to provide greater financial access in DeFi space. The platform brings traditional financial services to blockchain.
5Margin trading requirements
To trade on margin at Kraken, users must hold at least one collateral currency. Service availability is subject to certain limitations and eligibility criteria. Additional fees apply for opening, closing and maintaining positions. Leverage rates and fees vary by trade type and asset class.
6Future listings
Kraken will continue adding new token pairs for margin trading but won't disclose which pairs will be listed in advance. Due to company policy, even customer support cannot provide information about upcoming listings. All current margin trading pairs are listed on Kraken's official website. New additions are reflected on the site immediately.
7Trading risks
There's no guarantee that limit orders will execute or that market orders will fill at a specific price. Margin pool availability isn't guaranteed either. A digital asset's availability and liquidity directly affect order execution. Kraken warns investors about the risks associated with leveraged trading.
8Investor warning
Margin trading involves high risk and may not be suitable for all investors. It's possible to lose more than your initial investment. Spot margin trading products are offered by Payward Trading Ltd, registered in British Virgin Islands. Kraken advises users to only trade with amounts they can afford to lose.
Original article: Kraken Blog — Kraken, JTO, GRASS ve WLFI ile marjinal işlemleri başlatıyor