Kraken Pro now supports up to 20x leverage on ETH/USD margin positions for eligible traders in select markets. The update is live in the existing ETH/USD margin flow, so there is no separate account type or new interface to learn.
Kraken says this applies to ETH/USD margin only. It does not extend to other pairs, and it is not a futures update. If the higher ceiling does not appear in an account, eligibility may be restricted by market or local rules.
The margin mechanics are unchanged. Liquidation price, margin ratio, take-profit/stop-loss tools and margin fees continue to work as before. The update changes the maximum leverage available on ETH/USD margin. It does not change how the position is measured, managed or charged.
For KrakenReferral readers, this is best read as a capital efficiency update for margin traders who already understand the product. A higher leverage ceiling can reduce the capital needed to open the same ETH/USD position, or allow a larger position with the same capital. It also means losses can build faster when the trade moves against the user.
This is not a beginner feature and not a reason to use 20x by default. Margin trading can lead to losses greater than the initial investment. Anyone considering ETH/USD margin on Kraken Pro should check account eligibility, read Kraken's margin and liquidation materials, and size positions according to their own risk limits.
Sources: https://blog.kraken.com/product/margin/eth-usd-raised-to-20x; https://pro.kraken.com/app/trade/margin-eth-usd; https://www.kraken.com/learn/what-is-crypto-margin-trading; https://www.kraken.com/features/margin-call-and-liquidation; https://x.com/krakenpro.
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