Cardano (ADA) Now Supported as Collateral by Kraken Futures

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.krakenfx’s futures platform now allows using $ADA as collateral

It also supports such cryptocurrencies as Chainlink , Polkadot , Decentraland , and others. The native token of one of the leading proof-of-stake protocols can now be used for getting exposure to dozens of cryptocurrency futures contracts.offers singe-collateral futures and multi-collateral futures.

As the name suggests, the first type of futures contracts only allows users to use the base cryptocurrency of a certain pair in the form of collateral. At the same time, the second type lets traders deposit a slew of cryptocurrencies as collateral, meaning that they are not restricted to the base currency. It is worth noting that the

 

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krakenfx How come Uniswap lets people get away with this

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