KEY TAKEAWAYS
- Kraken has launched PUMP for spot and margin trading, enhancing its platform’s trading capabilities.
- PUMP, built on Solana, facilitates rapid creation and trading of meme coins with minimal cost.
- Margin trading for PUMP offers 3x leverage against USD, with specific position limits and eligibility criteria.
- Kraken advises caution in trading due to potential execution risks and liquidity impacts.
Kraken, a leading cryptocurrency exchange, has announced the availability of PUMP for spot and margin trading. The trading went live on July 14, 2025, at 14:00 UTC. This development allows users to engage with PUMP through both spot and margin trading options, enhancing the trading capabilities on the platform.
PUMP, a cryptocurrency launchpad built on the Solana blockchain, is known for facilitating the rapid creation and trading of meme coins. It enables users to launch tokens with minimal cost and effort, making it a popular choice for experimenting with token trends. The platform also supports instant trading of newly created tokens through a bonding curve mechanism. Tokens can be “graduated” to Pump.fun’s native decentralized exchange, PumpSwap, once they reach a certain market capitalization.
Margin Trading Details
For margin trading, PUMP is available with a leverage of 3x against the USD pair. Both long and short position limits are set at 400,000. However, users must hold at least one collateral currency to trade using margin. Margin trading services are subject to certain limitations and eligibility criteria, and additional fees apply for opening, closing, and holding a position.
Kraken advises traders to exercise caution, as there is no guarantee that a limit order will execute or that a market order will execute at a certain price. The availability and liquidity of the digital asset will impact these types of orders.
Getting Started with PUMP on Kraken
To add PUMP to a Kraken account, users should navigate to the Funding section, select the asset, and proceed with the deposit. It is crucial to deposit tokens into networks supported by Kraken, as deposits made using other networks will be lost.
While trading via the Kraken App and Instant Buy will be available once liquidity conditions are met, geographic restrictions may apply. Kraken’s policy is to announce new asset listings shortly before launch, with all future tokens to be announced on their Listings Roadmap and social media profiles.
For more information, visit the official announcement here.
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