Shiba Inu (SHIB) and Pepe (PEPE) Lead EUR Margin Pairings on Kraken

Kraken, a cryptocurrency exchange located in San Francisco, has declared the addition of new EUR margin pairs for the two most popular meme currencies, Shiba Inu (SHIB) and Pepe (PEPE).

Shiba Inu (SHIB) and Pepe (PEPE) are at the forefront with new EUR trading pairs, presenting new opportunities for traders on a major US exchange. These additions bring increased leverage options for the popular meme coins.

Shiba Inu (SHIB) and Pepe (PEPE) Lead EUR Margin Pairings

Kraken, a San Francisco-based cryptocurrency exchange, has announced the addition of new EUR margin pairs for the two most prominent meme currencies, Shiba Inu (SHIB) and Pepe (PEPE).

U.Today learned that Kraken has also enabled EUR margin pairings for Sei (SEI) and Near Protocol (NEAR) in addition to the seven cryptocurrencies mentioned above. Traders on Kraken can trade these pairs with a maximum leverage of 3x. This allows them to open positions that are larger than their balances.

For instance, a 3x long position would yield a 15% gain if SHIB’s price increases by 5%. However, due to the high risks involved in the market, especially for beginners, it is advisable to stay clear of margin trading and its associated risks.

SHIB, Pepe Caps Set for EUR Margin Trades

The long and short positions in SHIB/EUR are capped at 2 billion tokens. In contrast, there is a 3.5 billion token limit for the PEPE meme coin.

Kraken listed SHIB in November 2021 after a relentless campaign by the top meme cryptocurrency community.

Shiba Inu and Pepe EUR Margin Trading Now Live

Kraken, one of the oldest cryptocurrency exchanges, launched margin trading in 2015. Initially, only one currency pair, Bitcoin/EUR, was available to trade with margin.

Over the years, Kraken has significantly expanded the list of cryptocurrencies available for margin trading. The platform added eight stablecoin pairs to its margin trading platform in June.

Earlier this year, the top US exchange began trading pairs with SHIB, PEPE, and several other cryptocurrencies.

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