Kraken Launches Pro Crypto Trading App with Margin Support

Michael LaVere
  • Crypto exchange Kraken has released a new trading application that includes margin support.
  • Users have access to 5x leverage on bitcoin, ethereum, XRP, and five other crypto-assets.

Crypto exchange Kraken has officially launched its mobile trading app for iOS and Android, which includes support for margin trading. 

According to the release published Oct. 30, the Kraken Pro crypto trading application is now available on iOS and Android. The app is designed to deliver similar features to using Kraken’s exchange, with a “mobile-first” design that allows for advanced crypto trading on the go.

Kraken is also giving investors access to margin trading on 8 different cryptocurrencies, with the ability to five times margin. Investors can also open and close positions within the app and setup advanced order types such as stop-loss or take-profit trades. 

The exchange is also using a custom fee payment, which allows for trading fees to be paid in either crypto or fiat for each individual order. 

Kraken offers more than one hundred crypto-assets for trading. However, the new margin trading featured is limited to a handful of assets, including bitcoin, ethereum and XRP. 

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