For information on changes for our US clients, please visit our Support Center article.

Contact Us
Message us
Phone
An app for everyone
Kraken
Easily buy, sell and convert crypto
Kraken Pro
A professional trading experience on the go
Kraken Wallet
Securely store and manage your crypto and NFTs
Due to increased demand, account verification may be delayed. Please avoid submitting multiple requests, and for best results, review our document requirements beforehand.
Search
Futures trading for clients in the United Kingdom
Kraken Futures no longer services professional clients residing in the United Kingdom (UK). This decision impacts professional clients residing in the UK clients who currently have Futures positions open.
Please review the important dates and actions required:
Important Dates and Actions
  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.
Kraken Futures encourages clients to close their positions ahead of these dates to avoid any inconvenience or automatic liquidation of their positions.
Steps to Close Your Futures Positions
  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.
Frequently Asked Questions (FAQs)
What is Reduce-Only Mode?
Reduce-Only mode allows you to only reduce or close your existing positions, preventing the opening of new positions.
What Happens if I Do Not Close My Positions?
Any open positions remaining after 30th August, 2024, will be automatically closed at the Mark Price.
Can I Still Access Futures Trading?
Only UK clients are impacted. For information on accessing Futures trading from other jurisdictions, please visit the Kraken Support Center or contact our Kraken Support team.