Driving U.S.- based cryptographic money trade Kraken has additionally cemented its help for Shiba Inu (SHIB) by adding another edge exchanging pair for the well known memecoin.
The SHIB/EUR margin trading pair was recently announced by Kraken, enabling European customers to leverage their positions and potentially increase profits and losses. The brand-new pair is available on Kraken Pro, the advanced trading platform of the exchange.
The SHIB/EUR Margin Pair’s Key Features:
- Up to 3x Influence: Dealers can get assets to expand their position size and possibly help returns.
- Position Cutoff points: Kraken has set a roof of 2 billion SHIB for opening long and short situations on the SHIB/EUR pair.
- Shiba Inu’s Community-Driven Nature: In 2020, an unidentified developer by the name of Ryoshi created Kraken, which highlighted the distinctive origins of the Shiba Inu.
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Kraken’s Expanding Shiba Inu Offerings
Kraken has been actively increasing its Shiba Inu support. The SHIB/USD margin trading pair was added to the exchange in May 2024, with a position limit of 1.5 billion SHIB at first. Kraken’s determination to meet the increasing demand for Shiba Inu trading can be seen in the fact that this limit has since been raised to 6 billion SHIB.
Additional Margin Pairs
Past Shiba Inu, Kraken likewise offers edge exchanging for Pepe (PEPE/EUR), Sei (SEI/EUR), and Close to Convention (Close/EUR). Traders can leverage their positions and potentially profit from cryptocurrency price fluctuations by using these pairs.
Shiba Inu’s Price Performance
Shiba Inu is currently trading at $0.00001416, a percentage increase over the previous day and a percentage increase over the previous week. SHIB’s price volatility and trading activity may be further exacerbated by the expansion of margin trading options.
Conclusion
For Shiba Inu owners and traders, Kraken’s decision to include the SHIB/EUR margin trading pair is a positive development. Kraken is meeting the rising demand for Shiba Inu trading and contributing to the token’s overall ecosystem by providing European users with increased leverage and exposure.