Trading Coin-M Derivatives
This article is a guide on opening and closing positions on Coin-M Derivatives. To read about the differences between the available contracts, see Coin-M & Multi-M Derivatives Contracts.
Setting Leverage
The Coin-M trading wallets operate on the basis of cross margin with a single accepted collateral asset (the base currency of the trading pair selected for inverse contracts as collateral.
The system itself offers no options to predetermine the leverage level when opening a position. The leverage level is determined by the size of your position(s) versus the collateral balance of the trading wallet.
There are 5 separate trading wallets, one for each of the assets with Coin-M contracts. Each wallet has both perpetual and fixed contracts for that asset and collateral in the wallet is shared for positions on all of an asset’s contracts. Note that opening positions on multiple different contracts of the same asset will increase the effective leverage for all of those positions.
Additional Information
Transferring funds to the Coin-M Wallet
Before you can trade you will need to fund your wallet. See Funding your Derivatives Account for more details.
Collateral & Fees
The base currency is used as collateral for Inverse contracts. For details on available collateral currencies, see Derivatives Collateral Currencies.
For the complete fee schedule and information on other fees, see Fee Schedule.
Margin requirements
Kraken Derivatives allows trading with up to 50x leverage but initial margin and maintenance margin differs depending on the contract and position size. See Margin schedule and maximum leverage.
PLEASE NOTE:
Any funds held in your trading wallets are at risk. If you move funds out of your trading wallet after opening a position your effective leverage will increase which may lead to liquidation. See Portfolio Management.