Kraken launches Bitcoin Cash (BCH) and Ripple (XRP) margin trading

29 Dec, 2018 | Updated: 29 Dec, 2018
by Ryan Boltman
News
Kraken launches Bitcoin Cash (BCH) and Ripple (XRP) margin trading

Trading fanatics who enjoy shorting the top cryptocurrencies such as Bitcoin and Ethereum, will be thrilled to know that they can now short Bitcoin Cash and Ripple using margin trading on Kraken exchange

Kraken exchange have announced the addition of BCH and XRP to their margin trading offering. The addition of the two coins to the platform now means customers can trade up to 8 digital assets on margin.

The full offering now includes BTC, ETH, ETC, REP, XMR, USDT, and now BCH and XRP.

Customers will be able to leverage up to 3x using BCH and 5x using XRP with several trading pairs including BTC, USD, and EUR.

Kraken continue to add new assets to their margin trading platform, which is looking to rival other margin trading giants such as BitFinex and Bitmex.

Margin trading has grown in popularity over the past year as traders shorted/sold weak currencies for profit in the bear market.

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