The Kraken cryptocurrency exchange added Bitcoin Cash (BCH) and Ripple (XRP) to its margin trading offer. It now allows margin trading of a total of eight cryptocurrencies – including Bitcoin, Ethereum, Ethereum Classic, Augur, Monero and Tether.
We have enabled margin trading for Bitcoin Cash (BCH) and Ripple (XRP)! The addition of our margin offer to 8 assets is added. Read more on our blog: https://t.co/DSBaMBdOR7
– Kraken Exchange (@krakenfx) 29 December 2018
In his press release, Kraken shared the benefits of margin trading – however, the platform also highlighted a word of caution:
"Marginal trading allows you to take advantage of your account to get more profits, also taking a greater risk. […] While the trade margin can lead to higher profits, it can also lead to greater losses ".
Furthermore, the exchange found that marginal positions can be forcibly closed to protect borrowed funds, which means that a trader "He could be forced to suffer a big loss on a transaction rather than having the opportunity to try and wait for a more favorable price".
At the time of the press, Kraken is the 31st exchange of cryptocurrency for correct trading volume, according to CoinMarketCap.
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