Kraken is doubling down – literally – on trader empowerment. By increasing margin trading leverage from 5x to 10x on select pairs, we’re giving experienced traders more flexibility, efficiency, and capital power than ever before.Margin leverage is increasing for five of our most popular crypto assets: BTC, ETH, SOL, XRP and DOGE:Pair basePair nameAvailable LeverageBTCBTC/USDBTC/EURBTC/USDCBTC/USDT10xETHETH/USDETHEURETH/USDCETH/USDT10xSOLSOL/USDSOL/EURSOL/USDCSOL/USDT10xXRPXRP/USDXRP/EURXRP/USDCXRP/USDT10xDOGEDOGE/USDDOGE/EURDOGE/USDCDOGE/USDT10xGet Started with KrakenWhy Kraken’s 10x leverage is a win for traders Greater capital efficiency Trade larger positions with less capital, freeing up funds for other opportunities. More dynamic strategies React quickly to market moves and execute short-term strategies more effectively. Enhanced risk/reward management Amplify potential gains (and losses) with tools to help manage risk intelligently. Same security. More power. Enjoy increased leverage with Kraken’s trusted security and infrastructure.Before you start, what you should know:In order to trade using margin, you will need to hold at least one collateral currency.The availability of margin trading services is subject to certain limitations and eligibility criteria.Margin trading incurs additional fees for opening, closing and holding a position. Learn more about the different rates and fees.Trade with cautionThere is no guarantee that a limit order will execute. There is no guarantee of margin pool availability at all times. There is also no guarantee of a market order executing at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.Ready to trade but don’t have a Kraken account yet? Sign up today!Get Started with KrakenHere’s some more information about the tokens:Bitcoin (BTC) is the world’s largest cryptocurrency project. The bitcoin (BTC) cryptocurrency was the first of its kind to be built on blockchain technology. Launched in 2009 by an anonymous developer under the pseudonym Satoshi Nakamoto, Bitcoin remains the most widely accepted and traded cryptocurrency today. Like the cryptocurrencies that followed it, Bitcoin was created to provide a decentralized electronic cash system that operates without the intervention of a centralized authority. A global team of developers constantly works on improving Bitcoin and its underlying technology.Ethereum (ETH) is a global, open-source platform for decentralized applications. Ethereum is a marketplace of financial services, games and apps that is trustless, decentralized and secure. ETH is the cryptocurrency powering the Ethereum network. It’s used to pay for transactions, as a store of value or peer-to-peer payment method, or as collateral to generate entirely different crypto tokens that run on Ethereum.Solana (SOL) is a blockchain platform that aims to improve user scalability. Solana is a blockchain platform that aims to increase user scalability through faster transaction settlement times and flexible infrastructure. The SOL cryptocurrency plays a key role in maintaining and operating the Solana ecosystem and is used to execute smart contracts, send transactions, and incentivize stakeholders who support the network.XRP (XRP) is a digital asset built for payments. It is native to the XRP Ledger. Created in 2012 specifically for payments, XRP can settle transactions on the ledger in 3-5 seconds. Ripple is a company that exists independent of XRP. Ripple leverages XRP in its products and is one of many players building on the XRP Ledger.Dogecoin (DOGE) is a decentralized, peer-to-peer cryptocurrency that uses the “Doge” meme as its mascot. Dogecoin (DOGE) is a peer-to-peer cryptocurrency that is widely used for tipping content creators on various social media platforms. Dogecoin features the likeness of the Shiba Inu dog popularized in the “Doge” meme, and was first introduced as a marketing experiment in 2013. DOGE quickly gained a massive audience, however, and now boasts one of the largest market caps in the industry. Much wow. Doge is pleased.Availability of margin trading services is subject to certain limitations and eligibility criteria. Trading using margin involves an element of risk and may not be suitable for everyone. Read Kraken’s Margin Disclosure Statement to learn more.The post Increased margin leverage on Kraken Pro: Up to 10x (BTC, ETH, SOL, XRP, DOGE) appeared first on Kraken Blog.