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Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Warning: The value of your virtual currencies can rise or fall sharply, and your initial investment may be lost completely; virtual currencies are not covered by the guarantee funds that cover bank deposits; there is no legal mechanism on the virtual currencies market to prevent market manipulation or insider dealing; virtual currencies depend entirely on a specific computer technology and infrastructure, which in certain cases may be very recent and not yet adequately tested; if one loses the identification code or password giving access to the virtual wallet in which the virtual currency is stored, the currency held therein will be irretrievably lost; virtual currencies are currently accepted as a means of payment to a limited extent, and in most countries there is no legal obligation to accept them; for more information about the risks associated with an investment in virtual currencies, we advise you to read the Wikifin page What is a cryptocurrency? | Wikifin.

Opening a spot position on margin

Last updated: 8 жніўня 2025 г.

The availability of margin trading services is subject to certain limitations and eligibility criteria. Opening a spot position on margin occurs when you use an extension of margin from Kraken to make a spot purchase or sale of cryptocurrency on the Kraken exchange.

There are two types of spot positions on margin that can be opened: long and short

Example

"Long ETH"

•
If you take on an extension of margin from Kraken denominated in USD, and buy ETH for USD on the ETH/USD order book, you would be opening a “long ETH” spot position on margin.

"Short ETH"

•
If you take on an extension of margin from Kraken denominated in ETH, and sell ETH for USD on the ETH/USD order book, you would be opening a “short ETH” spot position on margin.

By opening a spot position on margin, you incur corresponding obligations, including the obligation to return the amount of the margin extension to Kraken through position settlement or one or more closing transactions. Your spot position on margin remains open until these obligations are satisfied.

How to open a spot position on margin on Kraken Pro

To create an order to spot trade using margin first select Margin - then enter everything in the order form just as you would for a regular spot trade (the "Amount" field still determines the size of the order, the price parameters for the various order types work the same, etc.)

Using leverage means that the order, if executed, will execute through a “two-step” process, involving: first, an extension of margin from Kraken to you; then second, an immediate spot trade between you and one or more counterparties on the Kraken exchange (where you use the margin extension received from Kraken to settle your side of the trade with the counterparty). Note: In order to open a spot position on margin, you will need to hold a sufficient balance of at least one Collateral Currency.If you only hold funds in non-collateral currencies, you will not be able to spot trade on margin until sufficient collateral currency is deposited in your account or acquired from the market.

What about the different levels of leverage?

For information on how leverage works for margin transactions, click here.

Opening a spot position on margin

Example

"Long ETH"

"Short ETH"

What about the different levels of leverage?

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