Okay, so Kraken Pro ā which, letās be real, sounds like a robot vacuum cleaner that also trades cryptocurrency ā has decided to let you gamble with borrowed money on whether XRP will do better than Ethereum. Fun! š Itās like a financial high-wire act, but with more decimal points.
They’ve got a whole bunch of XRP pairings for this, including XRP/EUR, XRP/BTC, XRP/CADā¦ Itās like a global game of āwill this go up?ā But really, itās just a lot of charts and hoping you donāt lose your shirt.
Margin Trading: Explained (Sort Of)
Basically, margin trading is when you use money you *don’t* have to make more money. It’s brilliant, really. What could possibly go wrong? š¤·āāļø It allows you to “open larger positions” ā which is a fancy way of saying you can bet bigger.
This new XRP/ETH pairing lets you guess if XRP is going to climb higher than Ethereum. You can borrow ETH to buy XRP (going ālongā), or bet *against* XRP if you think Ethereum is going to, you know, be the sensible one. Itās very binary. It’s like a financial coin flip, but the coin is made of algorithms.
Kraken lets you leverage up to 5x with most pairs, but for XRP/ETH, theyāre being cautious ā only 3x leverage. Apparently, XRP is a littleā¦ spirited? They blame it on āliquidity and market volatility,ā which is code for “this thing is unpredictable.” If you put in 5 ETH, you can potentially trade with 15! Which is awesomeā¦ until it isn’t. š¬
They started this whole margin trading thing way back in 2015 with BTC/EUR. So, they’ve had plenty of time to perfect the art of letting people potentially lose all their money. Progress!
Will ETH Finally Beat XRP? (Donāt Ask Me)
The ETH/XRP pair has taken a tumble, down over 14% since July 22. Apparently, the market has decided XRP isnāt the futureā¦or maybe it just needs a nap. š“
Ethereumās up 1.9% in the last week, while XRP is down a whopping 10.6%. Ouch. Thatāsā¦not great, Bob. XRP *was* doing okay against ETH since November, hitting a peak in April. But then Ethereum remembered it was Ethereum, and started to, uh, *perform*. Apparently, someone named Joseph Lubin and his company SharpLink are responsible. Corporate adoption narratives! It’s like marketing, but for money.
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2025-07-25 23:29