Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Read more

Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Warning: The value of your virtual currencies can rise or fall sharply, and your initial investment may be lost completely; virtual currencies are not covered by the guarantee funds that cover bank deposits; there is no legal mechanism on the virtual currencies market to prevent market manipulation or insider dealing; virtual currencies depend entirely on a specific computer technology and infrastructure, which in certain cases may be very recent and not yet adequately tested; if one loses the identification code or password giving access to the virtual wallet in which the virtual currency is stored, the currency held therein will be irretrievably lost; virtual currencies are currently accepted as a means of payment to a limited extent, and in most countries there is no legal obligation to accept them; for more information about the risks associated with an investment in virtual currencies, we advise you to read the Wikifin page What is a cryptocurrency? | Wikifin.

Market hours explained

Last updated: 23 снежня 2025 г.

Trading is open from 8:00 PM ET on Sunday through 8:00 PM ET on Friday, with continuous access during this period. Note that trading is not available on weekends (from 8:00 PM ET Friday to 8:00 PM ET Sunday) when the market is closed. Trading is not available on market holidays.

Note:

Select xStocks are available for trading on Kraken 24 hours a day, seven days a week.

Trading periods explained:

•
Overnight: Refers to the time after after-hours and before pre-market.

Period: 8 PM to 4 AM EST
•
Pre market: Occurs before the regular market session opens.

Period: 4 AM to 9:30 AM EST
•
Market open: This is the main trading session. This period often aligns with highest liquidity and tightest spreads for tokenized equities, as it mirrors the traditional market activity.

Period: 9:30 AM to 4 PM EST
•
After hours: Trading that occurs after the regular market session closes.

Period: 4 PM to 8 PM EST

Placing orders during a closed or halted market

On Kraken Pro, if you’d like to place a Market order during closed market hours (such as the weekend), you may queue your order to execute as soon as the market opens next.

If you’d like to place a Limit order during closed market hours, it will need to have the Post only option enabled. This will be enabled by default.

For instructions on how to trade xStocks on Kraken Pro, click here.

Trading Availability and Market Liquidity

You can place and execute trades at any time during the 24/5 trading window from 8:00 PM EST Sunday to 8:00 PM EST Friday across all four trading sessions. The main difference between these sessions is market liquidity. During pre-market, after-hours, or overnight periods, liquidity may be lower, which can lead to greater price volatility. However, this does not restrict your ability to buy or sell during these times.

Reminder

Trading is not available on market holidays for most xStocks.

Which xStocks are available for 24/7 trading?

TSLAx, QQQx, SPYx, NVDAx, CRCLx, AAPLx, HOODx, MSTRx, GLDx, and GOOGLx.

What happens to the price during after hours, pre market, or overnight trading?

During non-standard trading hours (pre-market, after-hours, and overnight) there is lower participation from traders, this can make it harder to match trades at desired prices. This means xStocks price can be more volatile during this time.

If I make a trade during off-hours, is the price pegged/static at the previous day's price?

No, the price is not pegged or fixed at the previous day's closing price. xStocks on Kraken are available for live trading 24/5, with pricing during off-hours derived from the live prices of the underlying equity markets’ extended trading sessions. Specifically:

•
Pre-market and after-hours sessions: We reference live prices from the extended hours markets of the underlying exchanges such as Nasdaq and NYSE.
•
Overnight hours: We reference live prices from Blue Ocean ATS, a venue that provides overnight markets for the underlying equity assets.

xStocks are issued by Backed Assets (JE) Limited (a Jersey private limited company) and offered to eligible Kraken customers via Payward Digital Solutions Ltd. (“PDSL”), a company licensed to conduct digital asset business by the Bermuda Monetary Authority. xStocks are not nor will be registered with any local securities regulators. PDSL (Kraken) does not provide investment advice and/or recommendations, and, no communication, through any Kraken App or website or otherwise, should be construed as such. Individual investors should make their own decisions or seek professional independent advice if they are unsure as to the suitability / appropriateness of any investment for their circumstances or needs, including potential tax treatment. Investing in xStocks involves an element of risk. The value of an investment may go down as well as up, and past performance is not a reliable indicator of future results. Not available in the U.S. or to U.S. persons. Geo restrictions apply. Read Kraken’s xStocks Risk Disclosure at kraken.com/legal/xstocks as well as the Base Prospectus and related Final Terms for xStocks at https://assets.backed.fi/legal-documentation to learn more.

Market hours explained

Trading periods explained:

Trading Availability and Market Liquidity

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