Kraken Expands Margin Trading with JTO, GRASS, and WLFI

Kraken Pro has expanded its margin trading capabilities by adding three new assets to its platform. The exchange now offers margin trading for JTO/USD, GRASS/USD, and WLFI/USD, bringing its total number of markets enabled for margin trading to over 250.

The addition of these new pairs means that traders can now use margin to trade Jito (JTO), a governance token built on Solana, Grass (GRASS), the token of a decentralized network that rewards users for sharing their unused internet bandwidth, and World Liberty Financial (WLFI), the governance token of a decentralized finance platform focused on lending, borrowing, and stablecoin services.

Kraken warns traders to be cautious when using margin, as it involves significant risk and may not be suitable for all investors. Traders could lose more than their initial investment, and there is no guarantee that limit orders will execute or that margin pool availability will always be available.