Kraken Adds Memecoins As Collateral For Futures Trading

August 31, 2024

Kraken Unicorn News - August 31, 2024

Kraken has expanded its futures trading platform by introducing Pepe Coin, Shiba Inu, and Dogwifhat as collateral assets. This strategic move aims to attract new investors and comes ahead of the planned listing of these tokens on Kraken Pro for Canadian users.

( 00:00:00 ) Introduction

( 00:00:33 ) Kraken Expands Futures Trading with Addition of Top Memecoins as Collateral

0:00 - 0:00

Kraken, a leading cryptocurrency exchange, has announced the expansion of its futures trading platform to include three popular meme coins—Pepe Coin (PEPE), Shiba Inu (SHIB), and Dogwifhat (WIF)—as collateral assets. This strategic move aims to attract new investors interested in more complex and potentially lucrative trading strategies. The expansion is particularly significant as it precedes the planned listing of WIF and PEPE on Kraken Pro for Canadian users, which is expected to drive a potential price surge for these tokens.

Sources

1 https://techreport.com/crypto-news/kraken-includes-three-top-memecoins-as-collateral-for-futures-trading/

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