Augur (REP) margin trading is now available on Kraken! Read on for the details.
What currency pairs and leverages are available?
- REP/XBT, REP/ETH, REP/EUR: 2x
What are the REP borrow limits?
The REP borrow limits depend on the verification level of the account as follows:
- Tier 1: 200 REP
- Tier 2: 1000 REP
- Tier 3: 2500 REP
- Tier 4: 5000 REP
What are the margin fees?
- Margin open fee = 0.02%
- Rollover fee = 0.02% / 4 hrs
REP not a collateral currency
Please note that REP will not be a collateral currency, meaning that you cannot open margin positions against the value of your REP balances. For this reason you should always maintain adequate balances in other collateral currencies to maintain your margin positions. To see the current list of collateral currencies, go here: https://support.kraken.com/hc/en-us/articles/204585998-Collateral-Currency
Learn more about margin trading
Why do traders like margin trading? Because it allows you to leverage your account for greater profits. However it also comes with greater risk – if you are unfamiliar with margin trading and how it works, you can learn all about it by visiting the two sections on margin trading in our Support Center.