Spot margin trading

10×¹ regulated Spot Margin
now in the US

Unleash your trading potential.

Start trading

Available on

Pro

Your portfolio just got a lot more powerful. Go long, go short, trade on your terms.

Explore pairs

Now available to US retail traders.

Trade with up to 10x leverage¹, long or short, using your existing crypto as collateral.

Crypto collateral. Not just USDC.

48+ eligible crypto assets as collateral. Not just USDC. Trade with leverage using what you already own.

24/7. No expiry. No forced rolls.

Trade Spot Margin any time, on your schedule. No contract expiry, no forced position resets, no unexpected margin calls.

No accredited investor requirement.

Spot margin trading on Kraken Pro is open to all eligible retail traders. No minimum net worth, no qualification barrier.

No qualification barrier to trade with leverage

Spot, margin, futures. One platform.

Everything in one place. Start with spot, add Spot Margin, progress to futures — without switching platforms or accounts.

Put up your collateral

Use 48+ eligible crypto assets are available to use as collateral. Your position size updates in real time as you adjust.

See your limits

Your liquidation price and borrow cost are simple and easy to find. Set a stop-loss to create an automatic floor. Regulated. Transparent. No guesswork.

Trade on your terms

Open your position and trade on your terms. Live P&L, 24/7 access, no expiry. Close whenever you're ready.

Start trading

How spot margin works

Three steps. No surprises.

Post collateral - Select from 48+ eligible crypto assets as collateral. Your full Kraken balance may be at risk if your position is liquidated.

Trade with leverage - Access up to 10x¹ on selected assets, long or short. Your margin health is always viewable. Monitor your equity and P&L live as your position runs.

Your call, your close - Close your position when you're ready. 24/7, no expiry, no forced rolls.

Ready to start?

Unleash your trading potential.

Start trading

Spot margin trading FAQs

What exactly is spot margin trading?

Spot margin trading lets you trade with leverage using your existing crypto as collateral. You trade actual underlying assets, not financial contracts. On Kraken Pro, you can go long or short with up to 10x leverage¹ on selected assets. Your full Kraken balance may be at risk if your position is liquidated.

What are the fees for spot margin trading?

Spot Margin charges between 0.01% and 0.05% to open a position, depending on the token pair. A rollover fee of the same rate applies every 4 hours the position stays open. Your rate is locked at execution and displayed on the order form before you confirm.

What is a liquidation price and how do I avoid it?

Liquidation happens when your collateral value drops below the level needed to support your position. Kraken shows your liquidation price on the order form before you confirm, and it updates live while your position is open. Setting a stop-loss gives you an automatic floor so your position closes before it reaches that point.

What collateral can I use?

Kraken Pro spot margin accepts 48+ eligible crypto assets as collateral — not just USDC.

Is spot margin trading available in my region?

Spot margin trading is under a CFTC framework and available in a growing number of regions. Availability varies by location. Check your account settings or our regional availability page to confirm access in your area.

Learn more

What is crypto margin trading?

8 min

Best crypto exchanges for margin trading

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What is a margin call?

6 min

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¹Spot Margin Trading involves substantial risk and is not suitable for everyone. You may lose all or more than the initial investment, exceeding the value of collateral deposited with the firm to open and maintain the position. You may be required to provide additional collateral on short notice or no notice, and you may remain responsible for any deficiency after liquidation and collateral application. Trading should be undertaken only with risk capital — funds that can be lost without jeopardizing one's financial security or lifestyle — and only by those who can afford such losses. While leverage can increase potential returns, it also significantly increases risk. Leverage available may vary by asset. Past performance is not necessarily indicative of future results. Availability of Spot Margin Trading through Kraken Derivatives US is subject to certain limitations and eligibility criteria. View Risk Disclosure Statement.

Spot margin trading is provided by NinjaTrader Clearing, LLC d/b/a Kraken Derivatives US, a CFTC-registered Futures Commission Merchant and NFA Member (NFA ID: 0309379), with financing provided by Payward Accredited LLC. View Disclosures.