Kraken Launches Futures, Margin Trading Backed by Tokenized Stocks, ETFs
Uk Jin
Summary
- Kraken said it has launched a service that allows futures and margin trading using tokenized stocks and exchange-traded funds (ETFs) as collateral.
- Users can open leveraged positions using 10 tokenized stocks and ETFs as collateral, including Apple, Nvidia, Tesla, Strategy, the SPDR S&P 500 ETF and the Invesco QQQ Trust, without selling those assets.
- Collateral ratios will vary by asset based on each asset's risk level, and the service will be offered to users in selected countries outside the US.
Forecast Trend Report by Period
Kraken has launched a service that allows users to trade futures and on margin using tokenized stocks and exchange-traded funds as collateral.
Cointelegraph reported on July 5 that Kraken will accept 10 tokenized stocks and ETFs as collateral, including Apple, Nvidia, Tesla, Strategy, the SPDR S&P 500 ETF and the Invesco QQQ Trust. Users can open leveraged positions against those assets without selling them.
Collateral ratios will vary by asset based on risk.
The service will be available to users in selected countries outside the US.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.