TL;DR

• Unified, crypto-native margin infrastructure for tokenized equities: Kraken Pro enables margin trading on xStocks (tokenized stocks and ETFs) using the same established margin framework that powers its crypto markets. Traders can go long or short, access up to 3x leverage, trade pair-based markets (e.g., TSLAx/USD), borrow from Kraken’s PDSL margin pools, and use eligible account balances as automatic collateral — all within a single unified account.
• Capital-efficient cross-asset exposure without liquidating crypto: xStocks margin trading allows users to maintain spot crypto holdings while deploying leveraged exposure to tokenized equities. This supports cross-asset strategies, including hedging, macro…