Kraken Adds SHIB, PEPE, WIF as Futures Collateral

Aug 30, 2024, 04:14 PM

Kraken has announced the addition of Shiba Inu (SHIB), Pepe Coin (PEPE), and Dogwifhat (WIF) as collateral for futures trading on its platform. This move allows traders to use these popular meme coins to gain exposure to over 200 perpetual futures. The introduction of these coins as collateral is seen as a significant step in integrating meme coins into more mainstream financial products. The decision has sparked discussions about potential price rallies for these cryptocurrencies. Meanwhile, Pepe Coin has been highlighted for its remarkable performance, with a reported increase of 11,981% over the past year, making it one of the top-performing cryptocurrencies in the top 300.