Hi all,
I have a general question in regard to leverage trading.
Lets say I have 10.000 $ in my account and I want to short ETH with 1000$ at 5x. (5000 $ in total)
At kraken I would have to enter 5000 $ sell at 5x!? (is that right?)
Now lets say, the price goes 20 % in the wrong direction. Will kraken liquidate my 1000 $ or will it let it go on as I have more $ as a collateral in my account? (cross margin eq. to Bitmex)
Thanks!
Correct. In regards to being liquidated or not, you will want to monitor your margin level. Once it reaches 100%, you will no longer be able to open new positions. If your margin level falls even further, some of your positions may be forcibly closed. Feel free to open a support ticket if you'd like one of our trading specialists to help you further -
https://support.kraken.com/hc/en-us/requests/newAs Totscha has already mentioned, on Kraken:
- BCH = Bitcoin Cash ABC
- BSV = Bitcoin Cash SV
Lastly, we released a new blog post last night,
Kraken Credits Clients with Bitcoin SV (BSV) and Launches BSV Trading. For more details, please see:
https://blog.kraken.com/post/1928/kraken-credits-clients-with-bitcoin-sv-bsv-and-launches-bsv-trading/in short, Kraken will also support tokens of the Bitcoin Cash SV protocol under the designation Bitcoin SV (BSV). The following trading pairs are currently live: BSV/BTC, BSV/USD, and BSV/EUR. As for funding, we are currently monitoring both the BSV and BCH networks and will not enable deposits or withdrawals in either token until we think it is safe to do so. For further developments, we encourage users to regularly monitor our Status page -
https://status.kraken.com.