Crypto derivatives now account for 77.6% of all trading volume, according to CCData. Of these crypto derivatives, futures contracts are among the most popular, and Kraken was one of the first few crypto exchanges to offer them to traders. 🦾
The exchange, which was valued at $10.8B in mid-2022, offers a range of crypto-related services, including advanced crypto trading tools, crypto staking, NFT trading, and of course derivatives like futures and options contracts.own rankings, which account for traffic, liquidity, trading volumes, and confidence in the accuracy of the figures.about $600M in spot cryptocurrency transactions every twenty-four hours, and over $194M in open interest for crypto derivatives..
Additionally, futures markets provide traders with a viable hedging option, allowing them to protect their investments from sudden price swings by offsetting their positions. In summary, the use of futures trading in the realm of cryptocurrencies offers significant potential for profit, flexibility and risk management for both seasoned and novice traders alike.
3. After you click on ‘Futures,’ you will be redirected to Kraken Pro – Kraken’s proprietary trading platform. This includes Bitcoin, Ethereum, Litecoin, Ripple, Solana and many more, as shown below, including perpetual futures. You will then need to decide whether you want to buy or sell a futures contract. When you buy a futures contract, you are ‘going long,’ which means you believe the price will rise. Selling a futures contract means ‘going short,’ which you do when you believe an asset’s value will fall.
From here you can also see all your open futures positions and make any changes or close your position.vary according to how much you trade. Most traders, however, will fall under Kraken’s lowest bracket , for which the fees are 0.02% for the contract seller, and 0.05% for the contract buyer.
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