Kraken Bitcoin Exchange Added Ethereum Dark Pool Trading

Kraken, one of the largest cryptocurrency exchanges in the world, has started to offer Ethereum Dark Pool trading, enabling the discreet placing of large orders without exposing intentions to the public, on Wednesday, 11th of May. This expands upon the bitcoin dark pool trading that the exchange started offering in June of last year.

Kraken CEO Jesse Powell commented: “Kraken is proud to be the first exchange to provide clients with a Dark Pool for ether, a strategic option for professional traders. This year, trading volume for ether has dramatically increased on Kraken’s exchange, and we developed the Ether Dark Pool to Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met Read this Term the gap between our lit order books and over-the-counter desk. Dark Pool trading allows for orders to be placed out of sight so that traders can make large buy or sell orders (minimum of 50 bitcoin or 2,500 ether) without revealing their sentiment to other traders. Advantages include reduced market impact and better price for large blocks."

In total, Kraken added 6 ETH dark pool currency pairs, with the option to exchange ether for bitcoin, euro, US dollar, Canadian dollar, pound, and yen.

Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term

Additionally, Kraken announced changes to its margin trading program last week, with increased leverage for ETH/XBT (up from 2.5x to 4x) and new support to three pairs: ETH/EUR, XBT/USD and ETH/USD, all with up to 3x leverage.

Ethereum also became a margin currency on Kraken, meaning that an ETH balance can be used as collateral for the borrowed funds tied to a leveraged margin trade.

Powell added: “The details get technical but there are two important takeaways when it comes to dark pool and margin trading. If traders are looking to move large sizes without affecting the market, they trade dark on Kraken. If traders want to keep fewer assets on account and they want less exposure to funding delays, they trade with margin on Kraken. These services together with our OTC desk reflect the growing professionalism of our client base and our exchange.”

Margin trading on Kraken remains available only to non-US residents, the San Francisco-based exchange reminded its clients.