Kraken Opens Unified Wallet to Futures Traders Across the EEA

Kraken made its optional Unified Wallet available Oct. 16 to eligible clients in the European Economic Area (EEA), expanding the collateral available for futures trades and the balances exposed to a loss. Clients must activate the feature and have futures trading enabled. Activation pools eligible balances immediately, without requiring clients to close current positions first. Cross margin, which combines collateral across positions, is the default. Gains on one position can offset losses on another, but a losing futures position can also reach eligible spot, margin and Earn balances in the wallet. The change affects where collateral sits.

Source: TokenPost