New SHIB and Pepe Pairs Added by Major US Exchange

Kraken Lists New EUR Margin Pairs for SHIB and PEPE

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

In addition to these meme cryptocurrencies, Kraken has also added EUR margin pairs for Sei (SEI) and Near Protocol (NEAR). With this, Kraken users can now trade these pairs with leverage up to 3x.

Margin trading allows traders to open positions that exceed their available balance. For instance, a 5% price increase in SHIB would result in a 15% gain in a 3x long position. However, it's important to note that margin trading involves significant risk and is not recommended for inexperienced traders due to the potential for substantial losses.

The limits for both long and short positions for SHIB/EUR and PEPE/EUR are set at 2 billion and 3.5 billion tokens, respectively.

Kraken first listed SHIB in November 2021 following a community-led campaign. The exchange has since significantly expanded its margin trading offering, including the recent introduction of USD margin pairs for SHIB and PEPE.

Kraken has been at the forefront of margin trading since its inception in 2015, initially offering only the Bitcoin/EUR pair. Over the years, it has continuously added to its list of margin-tradeable cryptocurrencies, including eight stablecoin pairs in June and USD pairs for SHIB and PEPE earlier this year.