A crypto derivatives contract is an agreement between a buyer and a seller that represent opposite views of the future value of a cryptocurrency. Traders use derivatives contracts to take a view on the derivative price of an asset without having to own any of that asset. A buyer profits if a contract’s underlying asset (such as BTC, ETH, or another cryptocurrency) increases in price, while a seller profits if it declines.

Check out our Kraken Learn Center article What are crypto derivatives contracts? to learn more.

Unlike the spot market, derivatives can provide exposure to a cryptoasset’s price without having to actually own the cryptoasset itself. With Kraken Pro, derivative traders can place any collateral assets listed here, to trade any one of the 115+ perpetual derivatives we offer. 

Depending on the asset and amount traded, different leverage levels apply, which enables more capital-efficient trading. You can find our Derivatives’ margin schedule here. With up to 50x leverage, you can enter into a position with just 2% (1/50) of the contract’s actual value (also known as its notional value).

You can either sign-up via the competition page in Kraken Pro, or, follow these steps to get started:

You are eligible to participate in this competition if:

Read Kraken’s terms and conditions for all competition rules. 

Yes. All participating traders may trade with their own capital at any time during the derivatives competition. Winners are determined by PnL % rather than total notional profits, so it's the relative increase that's important – not the absolute amount. Learn how to transfer funds to your derivatives wallet here.

All positions opened during the competition will remain open after it ends.