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

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Changes to Kraken Derivatives Services for German Clients
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:
  1. 1
    Product Branding: Kraken Futures will be referred to as Kraken Derivatives.
  2. 2
    Product Offering: Multi-Collateral and Single Collateral Derivatives will be available.
  3. 3
    Broker: DLT Securities GmbH will be clients’ broker for all Kraken Derivatives trading.
  4. 4
    Onboarding: all clients wishing to use Kraken Derivatives will need to sign updated T&Cs, and verify with DLT Finance.
  5. 5
    Margin 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.
  6. 6
    Eligible Collateral: All current eligible collateral types will continue to be eligible.
  7. 7
    Migration 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.
  8. 8
    Fund Transfer: The process of transferring funds from a Spot account to the Kraken Derivatives account stays the same unless the account is not migrated.
  9. 9
    Capital Gains Tax: German residents will be subject to capital gains tax on any profits realized based on their tax profile.
MiFID II Investor Protections
  1. 1
    Ensured appropriateness of the client before trading derivatives.
  2. 2
    Better asset protection with settlement and product governance.
  3. 3
    Increased transparency on market information.
  4. 4
    Disclosures on market and financial risks that come with trading derivatives.
  5. 5
    Reinforced supervisory powers of ESMA who can ban products or services that threaten investor protection or financial stability.
  6. 6
    Improved complaints handling with more detailed requirements.
  7. 7
    Transaction reports made available to the client and to the regulator by DLT Finance.
Any clients who do not wish to continue to trade Kraken Derivatives may be set to reduce-only so they can unwind orders and withdraw assets.
If you have any further questions, please don't hesitate to contact Kraken Support.