Kraken Announces Cardano Support as a Collateral on its Futures Platform

According to an announcement from Crypto exchange Kraken on Aug 22, Cardano (ADA) will now support as collateral cryptocurrency on its future platform. Additionally, it works with various cryptocurrencies, including Decentraland (MANA), Chainlink, and Polkadot (DOT). 📣 New collateral live: ✅ $ADA @Cardano Use ADA to get exposure to over 40 futures contracts now! Get started today by transferring ADA from your Kraken spot wallet to your Kraken Futures wallet. *Geo restrictions apply ➡️ https://t.co/vjGro9pxet pic.twitter.com/iGLadisPin — Kraken Exchange (@krakenfx) August 22, 2022 Kraken Offering Multi-Collateral Futures To Clients The native token of the popular Proof-of-Stake (PoS) system may now be used to obtain exposure to many cryptocurrency futures contracts. Both single-collateral and multi-collateral futures trading options are offered to clients by Kraken. As the name of this form of futures contract could imply, the first sort of futures contract only allows consumers to use the base cryptocurrency of a specific pair as collateral. On the other hand, the second type lets traders deposit a slew of cryptocurrencies as collateral, which implies that they are not restricted to the base currency. Bitcoin Futures Contracts Using The Native Token Traders may now gain exposure to dozens of Bitcoin futures contracts using the native token of one of the top Proof-of-Stake algorithms. In addition, the margin value of the colla...