Shiba

Pepe

Shiba Inu

Mog Coin

TL;DR
<div class="flex max-w-full flex-col flex-grow">
 <div class="min-h-[20px] text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words [.text-message+&amp;]:mt-5 overflow-x-auto" dir="auto" data-message-author-role="assistant" data-message-id="57133b93-53ce-48f9-9e37-fc7cd11e1938">
 <div class="flex w-full flex-col gap-1 empty:hidden first:pt-[3px]">
 <div class="markdown prose w-full break-words dark:prose-invert light">
 <ul>
 <li>The Canadian clients of a popular crypto exchange can now trade meme coins Pepe (PEPE) and dogwifhat (WIF).</li>
 <li>The company recently added Shiba Inu (SHIB) as a new margin trading pair and collateral asset, offering more trading flexibility and leverage options.</li>
 </ul>
 </div>
 </div>
 </div>
</div>
<div class="mt-1 flex gap-3 empty:hidden -ml-2">
 <div class="items-center justify-start rounded-xl p-1 flex">
 <div class="flex items-center"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/Kraaken_CB.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 </div>
 </div>
</div>
<h2 id="span-data-preserver-spaces-true-more-options-for-canadian-users-span">More Options for Canadian Users</h2>
The leading cryptocurrency exchange, Kraken, <a href="https://x.com/krakenpro/status/1831714813539434691" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">announced</a> on X that the popular meme coins Pepe (PEPE) and dogwifhat (WIF) are now available for trading to Canadian-based clients.&nbsp;
Despite showing further support toward the aforementioned tokens, the company warned that jumping on the bandwagon “involves risk of loss.” Traders are often advised to invest only as much as they are ready to lose and enter the ecosystem after conducting proper research.
Additional backing from a major exchange like Kraken may positively impact the prices of the involved cryptocurrencies due to improved liquidity and increased credibility. However, PEPE and WIF remain deep in the red on a weekly scale, coinciding with the broader decline of the entire digital asset sector.
The global market capitalization of the industry currently stands at around $2.05 trillion, with Bitcoin (BTC) falling below $56,000 and Ethereum (ETH) trading under $2,400.&nbsp;
The situation in the meme coin niche seems even worse. Cat-themed tokens like Popcat (POPCAT) and Mog Coin (MOG) are among the poorest performers, plunging by double digits.
<h2 id="span-data-preserver-spaces-true-kraken-and-shib-span">Kraken and SHIB</h2>
Last month, the firm extended its support to one of the biggest meme coins in terms of market cap – Shiba Inu (SHIB). It <a class="editor-rtfLink" href="https://cryptopotato.com/good-news-for-shiba-inu-shib-major-exchange-extends-support/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">added</a> several margin pairs on its platform, including SHIB/EUR, enabling more options for European users, especially those who primarily deal with&nbsp;the official currency of the Eurozone.&nbsp;
Margin trading allows clients to use borrowed funds to make leveraged trades. To participate, they must offer collateral, which can be in the form of cryptocurrencies. This option provides the opportunity for greater profits but also comes with a higher risk of being liquidated. The SHIB/EUR pair offers up to 3x leverage with a $2 billion limit on opening long and short positions.
Shortly after, Kraken <a class="editor-rtfLink" href="https://cryptopotato.com/this-popular-crypto-exchange-extends-support-for-shiba-inu-shib-details/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">included</a> the meme coin as a new collateral asset for futures trading. “You can now use SHIB to get exposure to over 200 perpetual futures.&nbsp;Simply transfer SHIB from your Kraken spot wallet to your Futures wallet to get started,” it disclosed.&nbsp;
In crypto futures trading, collateral assets are tokens that traders deposit to support their position. This deposit serves as a security to cover possible losses and guarantees that the trader can meet their financial commitments under the contract.
&nbsp;
&nbsp;
The post <a href="https://cryptopotato.com/this-major-exchange-introduces-viral-meme-coins-to-canadian-users-details/" rel="noopener noreferrer nofollow">This Major Exchange Introduces Viral Meme Coins to Canadian Users: Details</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

This Major Exchange Introduces Viral Meme Coins to Canadian Users: Details

Table of Contents

CryptoPotato_News

Other articles published on Sep 6, 2024

Dogwifhat and Aave See Spike in Trading Volumes, but All Eyes Are on This Altcoin Recording 150% ...

WMDV.COM – The Path to The Future of The Crypto Industry

PepeCoin Price Prediction: PEPECOIN Tops Weekly Meme Coin Losers With 22% Dump As This PEPE 2.0 I...

US companies forecast to buy $10.3B in Bitcoin over next 18 months — Report

Bitcoin Price Surges Post Recent Decline

$12 Million Flash Loan Yields $20 for Unlucky MEV Bot

Join our free newsletter for daily crypto updates!