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We’re thrilled to announce help for a brand new USD margin pair for Moo Deng (MOODENG) — taking our whole to over 220+ markets enabled for margin buying and selling on Kraken Professional!

Margin buying and selling is now accessible for the brand new buying and selling pair: 

Right here’s some extra details about the token:

Moo Deng (MOODENG) is a memecoin primarily based on the well-known pygmy hippopotamus on the Khao Kheow Open Zoo in Si Racha, Chonburi, Thailand. The Solana-based token is held by followers of the hippo, whose neighborhood congregates on X and Telegram. As a memecoin, MOODENG has no acknowledged utility, its worth as a substitute arising from the vibrancy of its neighborhood and the virality of Moo Deng the hippo.

Earlier than you begin, what it’s best to know:

With a view to commerce utilizing margin, you’ll need to carry at the least one collateral foreign money.

The supply of margin buying and selling companies is topic to sure limitations and eligibility standards.

Margin buying and selling incurs further charges for opening, closing and holding a place. Be taught extra concerning the completely different charges and costs.

Will Kraken supply extra pairs on margin?

Sure! However our coverage is to by no means reveal any particulars earlier than launch – not even which pairs we’re contemplating. All of Kraken’s listed margin pairs can be found on our web site. Our shopper engagement specialists can not reply any questions on which pairs we could also be itemizing sooner or later. 

Commerce with warning

There isn’t any assure {that a} restrict order will execute. There isn’t any assure of margin pool availability always. There’s additionally no assure of a market order executing at a sure worth. The supply and liquidity of the actual digital asset will impression a lot of these orders. Able to commerce however don’t have a Kraken account but? Join at the moment!