Clients can now request to link accounts under the same name in a master account and sub-account structure. Linking accounts together has two benefits:
- 1.Volume is grouped together for the Fee Schedule Volumes.
- 2.Funds can be instantly moved between master account and the subaccounts.
How can I add sub-accounts to my master account?
Complete the following process:
- •Create a new Kraken account for the sub-account and verify it to Intermediate/Pro (personal clients) or Pro (business clients).
- •Unlock Derivatives trading from the sub-account.
- •Submit a Kraken Derivatives support ticket from the master account email address requesting the accounts to be linked. Be sure to specify the email address associated with the Kraken SSO account you wish to add as a sub-account.
- •An email will be sent to the sub-account to confirm the linking of the accounts.
- •Once confirmed the accounts will be linked.
Note: The sub-account must match the master account and must be eligible for Derivatives trading.
How do I find my sub-account tab?
After completing the previous process, you should be able to see 'sub-accounts' as an option on the dropdown in the top-right hand corner.
Alternatively, you can visit https://futures.kraken.com/trade/subaccounts
The transfer dialogue will allow you to move funds as follows:
- •Master account to sub-account.
- •Sub-account to sub-account.
- •Sub-account to master account.
You can move funds to and from the Holding wallet and Derivatives wallets without incurring any fees.
****Please note, any movements to or from the Derivatives wallet on any account will have an impact on the leverage and liquidation price for any open positions.*****
Important things to note:
- •API keys are generated and controlled separately on each sub-account.
- •API Rate Limits are managed separately per account.
- •Positions are margined on the sub-account level.
- •Sign-Ins are separate for each sub-account.
- •Withdrawals from sub-accounts are blocked, clients will need to move funds back to the master account in order to withdraw funds out of Kraken Derivatives.
This is a first version of sub-accounts - more functionality will be added over time.