Kraken Enables Margin Trading After System Upgrade

Magin trading was disabled on Kraken exchange from January 13 due to the major system upgrade, and from January 25 Kraken re-enabled creation of new margin positions
26 January 2018   605

Kraken cryptocurrency exchange reported that the system upgrade was maintained successfully including a new and more scalable trade engine. After the system maintenace was finished, Kraken stated that it would re-enable the ability to open new long and short margin positions at 18:00 UTC on Thursday January 25 (10am PT).

  • All unleveraged trades will be charged zero fees until January 31, 2018 (UTC)
  • Margin position, open, and rollover fees are reduced to 0.005% until January 31, 2018 (UTC) 

Kraken to Launch Over The Counter Trading Platform

The minimum threshold of the new trading platform is $ 100,000
18 September 2018   185

The Kraken cryptocurrency exchange has added the possibility of over-the-counter trade in digital assets. It is worth noting that the minimum threshold for trading operations on the new OTC-platform is $ 100 000.

As stated in the blog Kraken, OTC-platform will be available "for residents of all countries."

Kraken is excited to announce a major expansion to our OTC trading platform which will enhance the execution of large block trades for clients worldwide. We offer deeper liquidity and private, personalized service to institutions and high net-worth individuals needing to fill large orders. 
 

Kraken Team

For trading on the site, 17 cryptocurrencies are available, including bitcoin, Ethereum, XRP, EOS, Litecoin, Monero, Dash and Zcash, as well as three fiat currencies: the US dollar, euro and yen.

The company's blog also says that the Kraken OTC team has nine professional traders from North America, Europe and Asia, ready to provide assistance to customers.

Members have a combined 100 years of trading experience working for major financial institutions such as JP Morgan, Credit Suisse, UBS, Morgan Stanley and Merrill Lynch. Kraken OTC sets itself above competitors by offering superb, hi-touch service at every step ranging from initial consultation and expert market insight, all the way through final settlement.
 

Kraken Team

Earlier, Kraken denied information about the massive dismissal of employees because of financial problems.