Announcing Kraken’s $100M+, $250M+ and $500M+ volume fee tier trial « Kraken Blog

Beginning Aug. 1, 2023 0:00 a.m. UTC by way of Sept. 30, 2023 11:59 p.m. UTC,* we are going to supply the next price tiers:

• $100M+: 8 bps taker, 0 bps maker
• $250M+: 6 bps taker, 0 bps maker
• $500M+: 4 bps taker, 0 bps maker

Who’s eligible?

All purchasers who commerce over $100M, $250M or $500M in whole spot crypto quantity on a 30-day rolling foundation will mechanically be positioned on this trial’s corresponding price tier.

Buying and selling quantity is calculated throughout all traded pairs except markets the place stablecoins or fiat currencies are the bottom forex (the primary forex listed in a pair – in USDC/USD, USDC is the bottom forex). Click on right here for more information on how buying and selling charges for our stablecoins and FX pairs work.

The 30-day rolling quantity is computed on a steady foundation.

What Kraken platforms are included within the trial?

The trial applies to pairs which can be traded immediately on spot order books, together with by way of cellular, internet and API. It does not embody pairs traded on the Kraken Shopper App or Kraken Futures.

How do the trial’s charges differ from Kraken’s said charges?

We cost a price once we match shopper orders. The price ranges from 0% (0 bps) to 0.26% (26 bps) of the overall price (worth) of your order and is dependent upon the next:

For this trial, we’re introducing a trial of $100M+, $250M+ and $500M+ quantity price tiers as a part of our spot crypto buying and selling price schedule. Purchasers who qualify by 30-day buying and selling quantity will now incur taker charges of 8 bps, 6 bps or 4 bps, respectively, as a substitute of 10 bps when buying and selling the 317 spot pairs included within the trial.

The trial will run on 50% of crypto pairs supplied on Kraken spot order books from Aug. 1, 2023 0:00 a.m. UTC by way of Sept. 30, 2023 11:59 p.m. UTC.

How can I affirm I’m eligible?

All purchasers are eligible so long as they meet any of the three required quantity thresholds.

The simplest approach to inform should you’re eligible is by way of your price schedule progress bar. You possibly can hold observe of your present charges and progress towards decrease charges by trying on the price progress bar in your Professional dashboard:

• Log in to Kraken Professional. You will notice the price progress bar on the far proper of the market selector pane.
• Click on on the price progress bar to view your 30-day rolling quantity and assessment the price schedule.

Please observe that the price schedule progress bar is market-specific and can solely present charges that apply to your at the moment chosen market.

Don’t hesitate to achieve out to an account supervisor or Kraken assist in case you have any questions on participation within the trial. Our groups can be found 24/7.

Why is Kraken operating this trial?

This trial will allow shopper methods which can be extraordinarily fee-sensitive and permit us to evaluate the general impression on order guide liquidity. We can even be capable to see how the brand new charges impression our buying and selling ecosystem.

Which spot buying and selling pairs will likely be included and why?

Included buying and selling pairs present the trial with 50% protection of our markets, each by way of variety of markets and buying and selling quantity.

To be able to programmatically decide which pairs are included within the trial, you possibly can name the /AssetPairs public endpoint on our REST API, the place charges for a selected pair will likely be returned as a part of the Charges array.

Click on right here for more information on the way to use our API. Click on right here for our REST API documentation.

Contact your account supervisor or Kraken assist with any questions.

The next spot pairs will likely be included within the trial:

*Kraken reserves the proper to vary the tip date of the $100M+, $250M+ and $500M+ price tier trial. Contributors will likely be notified by Kraken within the occasion of such a change. These supplies are for normal info functions solely and will not be funding recommendation or a suggestion or solicitation to purchase, promote or maintain any cryptoasset or to have interaction in any particular buying and selling technique. Some crypto merchandise and markets are unregulated, and also you will not be protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the cryptoasset markets can result in lack of funds. Tax could also be payable on any return and/or on any improve within the worth of your cryptoassets and you must search impartial recommendation in your taxation place.