Kraken Launches Dark Pool Trading

Thursday, 11/06/2015 | 21:50 GMT by Leon Pick
  • Kraken has introduced dark pool trading, allowing traders to place large orders without revealing interest to other market participants.
Kraken Launches Dark Pool Trading

Cryptocurrency exchange Kraken has introduced dark pool trading, allowing traders to place large orders without revealing their interest to other market participants.

The feature will allow traders with large orders to potentially get better pricing than if their interest was visible.

In its announcement, Kraken says it is one of only a few Bitcoin exchanges to offer such functionality. Specialized order books appended with ".d", e.g. "XBT/USD.d", allow for the placement of such orders. The feature is only available for limit orders. Customers who have completed Tier 2 verification requirements (provided their address), allowing them to deposit, withdraw and trade in fiat, are eligible for the feature.

A minimum order size equal to 50 bitcoins (roughly $11,500) is required to use the feature.

An additional 0.1% fee is charged for such orders upon execution.

Kraken has continued to upgrade its platform, focusing on high stakes traders. Recently, it introduced margin trading, with initial Leverage at 3:1, but a possible increase to 10:1 or higher in the future.

Cryptocurrency exchange Kraken has introduced dark pool trading, allowing traders to place large orders without revealing their interest to other market participants.

The feature will allow traders with large orders to potentially get better pricing than if their interest was visible.

In its announcement, Kraken says it is one of only a few Bitcoin exchanges to offer such functionality. Specialized order books appended with ".d", e.g. "XBT/USD.d", allow for the placement of such orders. The feature is only available for limit orders. Customers who have completed Tier 2 verification requirements (provided their address), allowing them to deposit, withdraw and trade in fiat, are eligible for the feature.

A minimum order size equal to 50 bitcoins (roughly $11,500) is required to use the feature.

An additional 0.1% fee is charged for such orders upon execution.

Kraken has continued to upgrade its platform, focusing on high stakes traders. Recently, it introduced margin trading, with initial Leverage at 3:1, but a possible increase to 10:1 or higher in the future.

About the Author: Leon Pick
Leon  Pick
  • 1998 Articles
  • 5 Followers
About the Author: Leon Pick
  • 1998 Articles
  • 5 Followers

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