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A leading crypto exchange, Kraken, has recently announced a collateral listing which features three popular memecoins— Shiba Inu (SHIB), Pepecoin (PEPE), and Dogwifhat (WIF). This update is sparking excitement within the crypto community, with many speculating how it can positively impact the market performance of these tokens.
However, experts predict Kraken could add Rollblock (RBLK) to its futures trading list before the end of the year. Continue reading to find out why they think so!
Kraken adds new Shiba Inu (SHIB) margin trading pair
Kraken has always supported memecoin, Shiba Inu (SHIB), since its official token launch in November 2021, which is why it didn’t hesitate to add SHIB as a collateral asset for futures trading, announced through a post on X. The development is sparking enthusiasm among SHIB enthusiasts.
Kraken continues to support SHIB by reducing trading fees, adding a new SHIB margin trading pair, SHIB/EUR, last week, and offering up to 3X leverage position for the pair. Although SHIB is down 6.44% in the last 7 days, the crypto community is optimistic that this recent development may boost its price.
Kraken offers users perpetual contracts using Pepecoin (PEPE)
In addition to SHIB, Kraken added two other popular memecoins, including Pepecoin (PEPE), giving users exposure to over 200 perpetual contracts using the PEPE token and additional alternatives when selecting assets for collateral in futures trading.
This move comes days before Kraken lists PEPE alongside WIF on its Canadian arm, which is scheduled to take place on September 5. This will likely spike the PEPE price from its last week’s decline of 8.46% and expand its utility beyond traditional spot trading, increasing its market demand and visibility.
Dogwifhat (WIF): Collateral for futures trading
Kraken is catering to the growing demand for top memecoins and expanding its reach in the crypto space by enabling users to use these memecoin assets, including Dogwifhat (WIF), as collateral for futures trading.
All users have to do is transfer the memecoins from their Kraken Spot wallet to their futures wallet. The announcement was met with enthusiasm from the WIF’s community, although it still declined by 11.55% to $1.53 in the past week. However, market analysts speculate enhanced liquidity and potential price rallies for the token.
Analysts foresee Rollblock (RBLK) on Kraken’s list
While Kraken’s new futures trading additions are sparking excitement within the crypto market with discussions surrounding their potential market performance, analysts have taken notice of another non-memecoin token with the potential to make it to Kraken’s list by the end of the year.
This token is no other than Rollblock (RBLK), a GambleFi token which has been attracting investors in the crypto market with its rapid presale momentum, robust features, and a variety of investor incentives, such as reduced trading fees and passive income from gambling on its online casino where users get access to over 150 games with fast and high payout rates.
With regular smart contract audits from top crypto blockchain security firms, no KYC checks, an affordable stage 6 entry price of $0.024 per token, and a potential for an 800% price surge post-launch, analysts believe RBLK has all it takes to be a collateral asset on Kraken before the year runs out.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
*This article was paid for. Cryptonomist did not write the article or test the platform.
