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How do stablecoin/FX fees work?

Last updated: February 10, 2026
Want to know what stablecoins are?

Learn about stablecoins and more at Kraken Learn.

All trades made on Kraken Pro have a basic trading fee applied to them. For most markets the basic trading fee follows the maker/taker model.

However, orders submitted to cash or stablecoin markets, such as two cash currencies (FX) or in pegged cryptocurrency markets such as USDC/USDT, incur an identical fee regardless of whether the order is a maker or taker.

To learn more about currency pairs, see our Trading Glossary.

0% maker fees

Trades in the USDG/USD market do not incur Maker Fees.

Full stablecoin & FX fee schedule

Click here to see maker/taker fees for stablecoin/FX markets.

If the stablecoin is the base currency (e.g. USDT/USD):

If the stablecoin is the quote currency (e.g. BTC/USDT):

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    The spot crypto fee schedule applies.

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    The trade will contribute to your 30 day trading volume.

If the currency pair has two stablecoins (e.g. USDG/USDC):

If the currency pair has two cash currencies (e.g. EUR/USD):

  • •

    The stablecoin fee schedule applies.

  • •

    The trade will not contribute to your 30 day trading volume.

If the currency pair is pegged (e.g. WBTC/BTC):

Important:

Fee schedule volume-based discounts are based on crypto trading volume only. Making purchases using the Buy Crypto widget, Kraken app as well as trading stablecoin and FX pairs on our order books does not contribute to the fee schedule 30-day volume.

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