1. 1.

   Reduce-Only Mode: Starting from 1st August, 2024, all existing Futures positions will be placed in Reduce-Only mode and clients will not be able to open new positions. This means that you will only be able to reduce or close out your existing positions.
2. 2.

   Automatic Liquidation: From 30th August, 2024, any remaining open positions will be automatically closed at Mark Price, unless they have been closed by clients beforehand.

1. 1.

   Sign in to your Kraken account.
2. 2.

   Navigate to the Position Tab: Go to the Positions tab in the trading interface to review your open Futures positions.
3. 3.

   Manage Your Positions: Use the options available to reduce or fully close your Futures positions. You can place buy / sell orders to gradually reduce your exposure or close the positions out entirely.
4. 4.

   Monitor Your Positions: Keep an eye on your positions and ensure they are fully closed before the automatic liquidation date to avoid any forced closure.

What is Reduce-Only Mode?

What Happens if I Do Not Close My Positions?

Can I Still Access Futures Trading?