By now, you've probably heard that Kraken has acquired the UK-based cryptocurrency futures trading platform CryptoFacilities and launched futures trading for existing Kraken clients. For more information about the acquisition, click here to read our blog post on it.
You may have some questions about the acquisition and what it means for you. We try to answer these below.
I am an existing client of CryptoFacilities, what does this mean for me?
You will be able to continue using Crypto Facilities without any changes. The same funding methods will be available to you and you do not have to go through Kraken if you do not want to.
Will my CryptoFacilities account be closed and I forced to create a Kraken account?
At the moment, we are not closing existing Crypto Facilities accounts.
I have a Kraken and a CryptoFacilities account, can I merge the two?
No, this is not possible. You can ask us to close your Crypto Facilities account and then only use your Kraken account to trade Kraken Futures. If you have funds in your Crypto Facilities account, you have to withdraw these manually to your Kraken account
Can I transfer funds on my CryptoFacilities account to my Kraken account?
No, this is not possible. You have to manually move the funds in your Crypto Facilities account to your Kraken account by withdrawing them and then depositing to your Kraken account.
Will Kraken Fee Credits (KFEE) work on Kraken Futures?
No, KFEE will not work on Kraken Futures.
Will the volume discounts that exist for Kraken spot markets carry over to Kraken Futures?
No, the volume discounts for Kraken spot and margin markets will not carry over to Kraken Futures. However, Kraken Futures has a Revenue Sharing Program in place that pays out 30% of the fees generated each week.