1 month ago
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Key Takeaways
- Kraken now lets eligible users pledge tokenized stocks (xStocks) as collateral for leveraged crypto trades.
- Users can keep equity exposure while unlocking trading capital, without selling.
- Kraken applies haircuts and per-asset caps, so leverage risk and liquidation remain.
The exchange now lets eligible users pledge their tokenized equities, its xStocks products, as collateral for leveraged crypto trading, turning what were passive investment tokens into assets that can unlock additional trading capital.
What Kraken Actually Changed
Until now, holding xStocks meant holding tokenized shares of companies like Apple, Nvidia, or Tesla, or ETFs such as the S&P 500, and little more. The tokens tracked the underlying equities, but they sat idle. Kraken’s update changes that. Eligible users can now pledge those tokenized shares as collateral to o...
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