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 out there as much as $1M notional on BTC and $500K notional on ETH, then scales down by tier as place measurement grows
- No new account, no migration, no further setup — if you happen to already commerce futures on Kraken Professional, the upper leverage is stay 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. Identical futures pockets, similar order varieties, similar interface. The one distinction is the quantity on the prime 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. This can be a BTC and ETH replace, full cease.
Who can commerce it
100× is out there to all eligible prospects on Kraken Professional. Should you’re an current futures dealer in eligible geos, the brand new leverage is already stay in your account, no opt-in required.
How the leverage tiers work
That is the half value studying fastidiously, as a result of high-leverage affords throughout the business are sometimes described in a method that obscures the mechanic.
100× is the headline fee for the bottom notional tier. As your place grows, the utmost leverage scales down routinely, per tranche, not as a binary swap.
A $2M BTC place doesn’t get 100× on the entire place measurement, or 50× on the entire place measurement, It will get 100× on the primary $1M and 50× on the following $1M, and the blended fee adjusts repeatedly from there.
The BTC and ETH schedule:
BTC (PF_XBTUSD)
| Place measurement | 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 measurement | 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 ebook depth. 100× on a small place is danger 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
Should you’ve been operating 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 continues to be the Kraken Professional .
Identical pockets, similar workflow, extra room.
A observe on danger
Increased leverage cuts each methods. A 100× place is 100× extra delicate to cost motion than an unleveraged one, in both route. Liquidations occur quicker, 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, measurement your positions intentionally, and use stops. Futures buying and selling carries vital danger and isn’t appropriate for each dealer.
Get began
Should 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. Should 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 total Derivatives Margin & Most Leverage Schedule
Not obtainable to EU or US customers. Buying and selling derivatives carries vital danger and is probably not appropriate for all buyers.
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 danger and is probably not appropriate for everybody. Learn Kraken Derivatives’ danger disclosure to study extra.
