Kraken Pro上调ETH/USD保证金杠杆至20倍
We’re raising ETH/USD margin leverage to 20x on Kraken Pro
直接影响ETH保证金交易者的资金效率与风控参数，适合关注衍生品规则变化的交易者留意。
TL;DR
TL;DR（太长不看版）
- 20x leverage is now available on ETH/USD margin for eligible traders on Kraken Pro.
- Liquidation price, margin ratio, and take-profit/stop-loss tools work exactly as they did before.
- This update applies to ETH/USD margin only. It doesn’t extend to other pairs or to futures.
- Availability depends on your market. Check the Kraken Pro app to confirm eligibility.
- Kraken Pro 现已为符合条件的交易者提供 ETH/USD 保证金交易的 20 倍杠杆。
- 清算价格、保证金比率以及止盈/止损工具的功能与之前完全一致。
- 此更新仅适用于 ETH/USD 保证金交易，不扩展至其他交易对或期货合约。
- 可用性取决于您的所在地区。请查看 Kraken Pro 应用以确认是否符合资格。
What’s changing
变更内容
We’ve raised the maximum leverage on ETH/USD margin positions to 20x for eligible traders in select markets. This is a change to the ceiling itself, not to how margin trading works on Kraken Pro. The margin engine, the order flow, and the account you already use are unchanged. Leverage is the only variable that moved.
我们已将部分市场符合条件的交易者所持 ETH/USD 保证金头寸的最高杠杆提升至 20 倍。这是对杠杆上限本身的调整，而非改变 Kraken Pro 上保证金交易的运作方式。保证金引擎、订单流以及您已使用的账户均未发生变化。唯一改变的变量是杠杆倍数。
What’s not changing
未变更内容
Every risk control you use today stays exactly as it was. Liquidation price, margin ratio, and take-profit/stop-loss tooling all work the same way they did before this update, and margin fees haven’t changed either.
您当前使用的每项风控措施均保持不变。清算价格、保证金比率以及止盈/止损工具的操作方式与此更新前完全相同，保证金费率也未发生任何变化。
Full margin visibility remains available at every step of a position’s life. A higher ceiling gives you more room to size a position. It doesn’t change how that position is measured, managed, or charged.
在头寸生命周期的每个阶段，您均可获得完整的保证金透明度。更高的上限为您提供了更大的头寸规模空间，但这并不会改变头寸的衡量、管理或计费方式。
More capital efficiency, not a bigger target
更高的资金效率，而非更大的目标
Higher leverage means the same ETH/USD position can be opened with less capital committed, or a larger position can be opened with the capital you’d already allocate. That’s the point: doing more with the same capital, not doing more by default.
更高的杠杆意味着可以用更少的投入资本建立相同的 ETH/USD 头寸，或者用原本计划分配的资本建立更大的头寸。核心在于：用同样的资本实现更多的操作，而不是默认地增加操作量。
The new ceiling is a tool, not a target. How much of it to use, if any, is still your call, and it should come down to your own risk tolerance and strategy rather than the fact that the ceiling is higher now.
新的上限是一种工具，而非目标。是否使用以及使用多少，仍由您自行决定，这应基于您自身的风险承受能力和策略，而非仅仅因为上限提高了。
A reminder on risk
风险提示
Leverage increases both the upside and the downside of a position. A higher ceiling doesn’t change that math. It just changes how much room you have to work with.
杠杆会同时放大头寸的收益和亏损。更高的上限并未改变这一数学逻辑，它只是改变了您可操作的余地大小。
If ETH/USD margin isn’t already part of your strategy, this update doesn’t change where we’d suggest starting. It’s built for traders who are already sizing ETH/USD margin positions and want more capital efficiency while doing it.
如果 ETH/USD 保证金交易尚未纳入您的策略，此次更新也不会改变我们的建议起点。该功能专为已经进行 ETH/USD 保证金头寸规模配置的交易者设计，旨在帮助他们在操作中提高资金效率。
Availability
可用性说明
20x leverage on ETH/USD margin is rolling out to eligible traders in select markets. It isn’t available everywhere. A number of markets are excluded because of local regulatory requirements.
ETH/USD 保证金交易的 20 倍杠杆正在向部分市场的符合条件的交易者逐步开放。并非所有地区均可使用。由于当地监管要求，某些市场被排除在外。
If the new ceiling isn’t showing in your account, open the Kraken Pro app. Eligibility is surfaced there directly.
如果您的账户中未显示新的上限，请打开 Kraken Pro 应用。那里会直接显示您的资格状态。
Getting started
入门指南
The updated leverage range is live in the same ETH/USD margin flow you already use on Kraken Pro. There’s no new account type to set up and no new interface to learn. It’s the same margin engine, with a higher ceiling attached to it.
更新后的杠杆范围已在您在 Kraken Pro 上使用的相同 ETH/USD 保证金交易流程中上线。无需设置新的账户类型，也无需学习新的界面。它使用的是相同的保证金引擎，只是提高了上限。
Trade ETH/USD with 20x margin
使用 20 倍杠杆交易 ETH/USD
Trading on margin involves significant risk and may not be suitable for all investors. You could lose more than your initial investment. Spot margin trading products are offered by Payward Trading Ltd, incorporated in the British Virgin Islands (BVI). This content is for informational purposes only and does not constitute financial or investment advice. Product availability may vary by jurisdiction. Please ensure you fully understand the risks involved before trading. Past performance is not indicative of future results.
保证金交易涉及重大风险，可能不适合所有投资者。您可能会损失超过初始投资金额。现货保证金交易产品由在英属维尔京群岛（BVI）注册的 Payward Trading Ltd 提供。本内容仅供参考，不构成财务或投资建议。产品可用性可能因司法管辖区而异。请在交易前充分了解所涉及的风险。过往表现不代表未来结果。
The post We’re raising ETH/USD margin leverage to 20x on Kraken Pro appeared first on Kraken Blog.
文章《我们在 Kraken Pro 上将 ETH/USD 保证金杠杆提高至 20 倍》首发于 Kraken Blog。
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