TL;DR
- Kraken Professional has raised most leverage on BTC and ETH perpetual futures from 50× to 100× in eligible geos
- Applies to 2 contracts solely: PF_XBTUSD and PF_ETHUSD, cash-settled in USD and buying and selling 24/7
- 100× leverage is on the market as much as $1M notional on BTC and $500K notional on ETH, then scales down by tier as place dimension grows
- No new account, no migration, no additional setup — in the event you already commerce futures on Kraken Professional, the upper leverage is reside in your current account
What’s new
Two contracts. One change.
- PF_XBTUSD (BTC/USD perpetual): max leverage raised to 100×
- PF_ETHUSD (ETH/USD perpetual): max leverage raised to 100×
Each contracts stay cash-settled in USD and commerce 24/7, similar as earlier than. Similar futures pockets, similar order sorts, similar interface. The one distinction is the quantity on the high of the leverage slider.
Each different contract on Kraken Professional stays precisely the place it was. SOL, AVAX, DOGE, and the remainder of the perp lineup are unchanged. It is a BTC and ETH replace, full cease.
Who can commerce it
100× is on the market to Remainder of World clients on Kraken Professional. In the event you’re an current futures dealer in eligible geos, the brand new leverage is already reside in your account, no opt-in required.
How the leverage tiers work
That is the half value studying rigorously, as a result of high-leverage affords throughout the trade are sometimes described in a manner that obscures the mechanic.
100× is the headline fee for the bottom notional tier. As your place grows, the utmost leverage scales down robotically, per tranche, not as a binary change.
A $2M BTC place doesn’t get 100× on the entire place dimension, or 50× on the entire place dimension, It will get 100× on the primary $1M and 50× on the following $1M, and the blended fee adjusts constantly from there.
The BTC and ETH schedule:
BTC (PF_XBTUSD)
| Place dimension | Max leverage |
|---|---|
| $0 to $1M | 100× |
| $1M to $3M | 50× |
| $3M to $5M | 25× |
| $5M to $10M | 20× |
| $10M to $30M | 10× |
| $30M to $50M | 5× |
| $50M to $150M | 3.3× |
| $150M+ | 2× |
ETH (PF_ETHUSD)
| Place dimension | Max leverage |
|---|---|
| $0 to $500K | 100× |
| $500K to $2M | 50× |
| $2M to $5M | 25× |
| $5M to $10M | 20× |
| $10M to $30M | 10× |
| $30M to $50M | 5× |
| $50M to $150M | 3.3× |
| $150M+ | 2× |
The tiers exist as a result of the headline quantity needs to be backed by actual order e-book depth. 100× on a small place is threat that may be liquidated cleanly. Tiered leverage is how credible venues deal with this, and it’s how Kraken Professional handles it now on BTC and ETH.
No extra tradeoffs
In the event you’ve been working BTC or ETH perps elsewhere to get previous the 50× ceiling, we all know the tradeoffs you’ve been making – in liquidity, infrastructure, and platform belief. No extra. The leverage is right here. The remainder of Kraken Professional remains to be the Kraken Professional you recognize.
Similar pockets, similar workflow, extra room.
A observe on threat
Greater leverage cuts each methods. A 100× place is 100× extra delicate to cost motion than an unleveraged one, in both route. Liquidations occur sooner, slippage bites tougher, and a thesis that might have survived at 10× can get stopped out in minutes at 100×.
Commerce with capital you’ll be able to afford to lose, dimension your positions intentionally, and use stops. Futures buying and selling carries vital threat and isn’t appropriate for each dealer.
Get began
In the event you’re already a Kraken Professional futures dealer in an eligible area, open PF_XBTUSD or PF_ETHUSD utilizing the brand new leverage within the slider. In the event you’re new to perps on Kraken, you’ll arrange a futures pockets first, then you definitely’re in.
We’ve raised the ceiling. Commerce accordingly.
Additionally see the complete Derivatives Margin & Most Leverage Schedule
Not accessible to EU or US customers. Buying and selling derivatives carries vital threat and will not be appropriate for all traders.
Payward Digital Options Ltd. is licensed to conduct digital asset enterprise by the Bermuda Financial Authority. Buying and selling futures, derivatives and different devices utilizing leverage includes a component of threat and will not be appropriate for everybody. Learn Kraken Derivatives’ threat disclosure to study extra.
