A Kraken agora aceita depósitos em BRL via PIX – 

General

Multi-Collateral Derivatives

Crypto derivatives trading comes with certain risks. In order to provide the best trading experience for our clients as well as stability of the markets, we have implemented a liquidity pool. Designed to minimize the need to unwind derivatives positions, the derivatives liquidity pool provides an additional layer of security for derivatives trading and adds more integrity to our derivatives platform.

The liquidity pool is a pool of Kraken’s funds set aside to support our 

 to increase book liquidations & assignments before an unwind occurs.

We fund the liquidity pool using a portion of Kraken’s revenue. We reserve the right to determine in our sole discretion when and the amount of funds used for the benefit of users’ trading experience and market stability. We may also discontinue the liquidity pool at any time.

When is the Derivatives liquidity pool applied?

While we retain discretion on when to apply the funds from the pool, our approach will generally be as follows:

 - in order to add more stability to the assignment program, the liquidity pool helps to maintain the minimum/maximum profitability for assignment fills. The minimum profitability of an assignment fill is 0.5%, and the maximum will be 2.5%. This benefits assignment program liquidity providers.

 - Before an unwind occurs, the liquidity pool may be used to cover the difference between the zero-equity price and the best bid or ask in the order book. A covered liquidation fill in the order book that would otherwise be below the zero-equity price will instead be offset by any available funds in the pool in order to bring the balance up to zero. This benefits the platform and the counterparty by preventing an unwind.

Client B has a 20 ETH position in the PF_ETHUSD contract that has been liquidated, and 5 ETH of the position could not be liquidated in the order book. Let’s say the mark price for PF_ETHUSD is 2,000 and the zero-equity price for the position is 1,995, meaning that the profit for the assignment would be 0.025%, below the minimum profitability for the assignment.

In order to meet the minimum profitability of 1% for the liquidity provider, the liquidity pool would be used to cover the shortfall.

Client C, who is an assignment program liquidity provider, would see the fill price for their 5 ETH assignment fill as 1,980, resulting in 1% of profitability. The pool would be debited the shortfall amount of the position, which in this case would be 75 USD (15 USD * 5 ETH).

Using the previous example, let’s say that the Assignment Program could only fill 4 of the 5 PF_ETHUSD position and there was still 1 remaining. Let’s further assume that the best bid in the order book is 1,970, meaning that Client B would have a balance of -25 USD if filled at that price.

Instead of unwinding the position, the remaining 1 ETH would be liquidated in the order book at the best bid of 1,970, and the pool would be debited 25 USD.

What happens to assignments and unwinds if the liquidity pool has been temporarily exhausted?

 - If there are no funds available in the pool at the time of the assignment, then the fill price will default to the zero-equity price.

 - If there are no funds available in the pool and no assignment program liquidity, then the remaining position will be unwound as documented in the 

Do I have to register to benefit from the Derivatives liquidity pool?

No, the Derivatives liquidity pool is not intended to be an individual benefit, but to be used generally to benefit all traders by providing a better trading experience and greater market stability. We intend to use the funds to support our Equity Protection Process for trades of USD linear derivatives.

Is the Derivatives liquidity pool available for all contracts?

The funds in the liquidity pool will only be used for USD Linear derivatives (multi-collateral); they will not be used for Inverse derivatives. See the 

Liquidity Pool for Derivatives

The quickest way to solve a problem is to chat with us 

Chat with us

Something specific? Email us and we’ll get back to you

Email us

Prefer to speak over the phone? Give us a call and talk to one of our specialists 

Call us

Un volume elevato di richieste di assistenza potrebbe ritardare i tempi di risposta. Per ricevere un aiuto più rapido, consulta le nostre risorse relative ai <Custom.ExternalLink key="d1d55cca9810"> problemi di accesso</Custom.ExternalLink> e ai<Custom.ExternalLink key="c8a2edba44ae"> tempi di elaborazione per la verifica dell'account</Custom.ExternalLink><Custom.ExternalLink key="c8a2edba44ae">.</Custom.ExternalLink>

Impostazioni dei cookie

Don’t worry, we’ve got you covered.To access this page and explore more, please visit our dedicated German site to discover exciting content tailored for you.If you believe this detection is an error, please close and navigate back.

Oops! It looks like you're unable to view this content from Germany.

Commissioni di prelievo

Minimi di prelievo (inclusa la commissione)

Criptovaluta

Il nostro server ha riscontrato un errore interno del server. Riprova.

Siamo spiacenti. Questa pagina non funziona al momento

Supporto

Un'esperienza di trading professionale da dispositivo mobile

Conserva e gestisci in modo sicuro le tue criptovalute e gli NFT

Trasforma il tuo Mac o PC in una postazione di trading super potenziata

Il modo più rapido per risolvere un problema è chattare con noi 

Chatta con noi

Hai bisogno di assistenza su un argomento particolare? Inviaci un'e-mail e ti risponderemo

Inviaci una e-mail

Preferisci parlare al telefono? Chiamaci e parla con uno dei nostri specialisti 

Chiamaci

Centro di Assistenza

Need help? Checkout our <Custom.ExternalLink key="8e1cbcbdca58">self-service guides</Custom.ExternalLink>

To access this page and explore more, please visit our dedicated German site to discover exciting content tailored for you.

If you believe this detection is an error, please close and navigate back.

A professional trading experience on the go

 Pro

Turn your Mac or PC into a super-charged trading station

Desktop

Mac or PC

Securely store and manage your crypto and NFTs

Hai ancora bisogno di aiuto?