Kraken Exchange To Cut All Futures Taker Fees For All Traders

Kraken Exchange To Cut All Futures Taker Fees For All Traders

The Kraken cryptocurrency exchange will be cutting taker fees across the board for all of its traders.

Kraken, the online cryptocurrency exchange, will be cutting all taker fees across the board for all of its traders. Kraken will be cutting taker fees by at least 33% for all of their clients (from 7.5bps to 5bps). On top of being able to offer some of the lowest fees in the cryptocurrency and futures industry, Kraken Futures is also the first and only cryptocurrency derivatives exchange in Europe that it fully regulated. Kraken has obtained their Multilateral Trading Facility (MTF) license from the United Kingdom’s Financial Conduct Authority (FCA). Kraken will introduce a new fee schedule for futures traders, with Maker Fees ranging from 0.02% to 0.0000% and Taker Fees ranging from 0.05% to 0.01%. The difference in fee you will receive depends on the quantity of money you are trading, with $0-$100,000 getting the highest fees and $50-100 million + getting the lowest fees.

The CEO of Kraken Futures, Timo Schlaefer, stated about the reduction in fees, “With this new structure, every client no matter how big or small will see dramatically lower taker fees. Lower fees for both individuals and institutions is expected to encourage flow and drive volume.”Kraken Futures has consistently grown in market share over the past year. Lowering the fees is the right thing for clients, and will help set the foundation for our next phase of growth.”

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