New pair available for margin trading: SPCXx!

Kraken has introduced margin trading for the SPCXx/USD pair, allowing eligible users to trade tokenised SpaceX equity with leverage. The exchange confirmed the availability of up to 3x leverage, with a long limit of 40 and a short limit of 28.

SPCXx is a tokenised equity token within Kraken’s xStocks product line, designed to provide exposure to Space Exploration Technologies Corp. (SpaceX), the private aerospace company founded by Elon Musk. The token reflects fluctuations in SpaceX’s valuation and is classified as a tokenised real-world asset on the Kraken platform.

The margin trading service requires users to hold at least one collateral currency before opening positions. Applicable fees include charges for opening, closing and holding a margin position. The service is subject to eligibility criteria and geographic restrictions—specifically, it is not available to US persons or residents of the United States.

Kraken stated that while it plans to add more margin pairs in the future, it does not disclose details of upcoming listings in advance. The exchange also emphasised that margin trading on xStocks is offered through Payward Digital Solutions Ltd., a Bermuda Monetary Authority-licensed entity, and that neither the product nor the underlying xStocks are registered with any local securities regulators.