New BitDegree Mission Release: Learn Kraken Margin Trading

Learn Kraken Margin Trading With BitDegree’s Latest Mission Release

Written by Aaron S.,

Editor-In-Chief

Last Updated: October 31, 2024

Key Takeaways

BitDegree has launched a new Mission, "Leveraging With Kraken Margin Trading," focusing on margin trading education;
Participants can enter the Lucky Draw for a chance to win from a 200 USDC prize pool by completing the Mission by December 1, 2024;
All participants must complete specific requirements and have a Binance account to qualify for rewards.

BitDegree has unveiled its latest Mission, "Leveraging With Kraken Margin Trading," designed to educate users on the intricacies of margin trading while offering a chance to earn 1,400 Bits and win a share of a 200 USDC USDC $1.00 prize pool.

The new mission invites participants to explore Kraken's $388.52M margin trading features, which allow users to trade cryptocurrencies using borrowed funds for enhanced market exposure. With leverage options up to 5x and over 100 margin pairs, including both crypto-to-crypto and fiat-to-crypto, traders can tailor their strategies to current market conditions.

This Mission targets both intermediate and pro clients in eligible regions, aiming to empower traders with the knowledge necessary to effectively navigate margin trading. While margin trading presents opportunities for increased profits, BitDegree emphasizes the importance of caution, noting that it can also amplify potential losses.

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Participants can join for free and are encouraged to complete all Mission requirements before December 1, 2024 to be eligible for the USDC prize pool. Shortly after, a Lucky Draw will be held where 20 winners will each receive 10 USDC.

Users interested in the Mission must have a Binance $7.4B account to qualify for rewards. To participate, users must complete all social actions outlined in the Mission and may retake the Mission, though rewards will only be granted for the initial attempt. Higher Degrees in the BitDegree platform will increase participants' chances in the Lucky Draw.

This initiative reflects BitDegree’s commitment to offering engaging learning experiences and valuable rewards for exploring big industry names like Kraken.