Crypto exchange Kraken is now accepting tokenized stocks and ETFs as collateral for leveraged trades, allowing users to open positions without selling their assets. The feature initially supports 10 tokenized assets, including major tech stocks like Apple and Nvidia, and the SPDR S&P 500 ETF. This move by Kraken comes as Ethereum co-founder Vitalik Buterin outlines a new roadmap for the network, and Revolut announces the delisting of Tether USDt due to regulatory concerns.
Crypto exchange Kraken has introduced a new feature that allows eligible users to use tokenized stocks and ETFs as collateral for futures and margin trading. This enables traders to open leveraged positions without needing to liquidate their existing holdings. The initial offering supports 10 tokenized assets, which include prominent stocks such as Apple and Nvidia, as well as the SPDR S&P 500 ETF. This development is part of a broader landscape of activity in the crypto space, with Ethereum co-founder Vitalik Buterin recently detailing a new roadmap for the Ethereum network. Buterin's roadmap focuses on key areas including quantum resistance, scalability, and privacy enhancements for the blockchain. Concurrently, financial super-app Revolut is set to delist Tether USDt, a stablecoin, citing regulatory concerns as the reason for this decision. The Kraken announcement signifies a step towards integrating traditional financial assets with decentralized finance platforms, potentially broadening the scope of collateral available for crypto-based trading.