Derivatives sign ups are not available at the moment, but will be coming soon! We will reach out to you via email once the product is live.
There will be a number of changes to the Kraken Futures user experience for German clients:
- 1Product Branding: Kraken Futures will be referred to as Kraken Derivatives.
- 2Product Offering: Multi-Collateral and Single Collateral Derivatives will be available.
- 3Broker: DLT Securities GmbH will be clients’ broker for all Kraken Derivatives trading.
- 4Onboarding: all clients wishing to use Kraken Derivatives will need to sign updated T&Cs, and verify with DLT Finance.
- 5Margin Requirements: MiFID II limits retail clients’ derivatives to 50% and 25% for initial and maintenance margin, respectively. Professional clients will have differing margin limits based on the margin schedule defined on a per product basis.
- 6Eligible Collateral: All current eligible collateral types will continue to be eligible.
- 7Migration Requirements: For open positions to not be impacted by the migration, clients must keep sufficient collateral in their account to ensure the margin requirements are met by mid-September, 2024.
- 8Fund Transfer: The process of transferring funds from a Spot account to the Kraken Derivatives account stays the same unless the account is not migrated.
- 9Capital Gains Tax: German residents will be subject to capital gains tax on any profits realized based on their tax profile.
MiFID II Investor Protections
If you have any further questions, please don't hesitate to contact Kraken Support.