Where are Kraken contracts

Kraken's advanced trading platform offers a comprehensive suite of contract trading options, including futures and perpetuals, accessible through the "Advanced" menu under "Contracts."

Nov 13, 2024 at 08:00 pm

Where are Kraken Contracts?

Introduction:

Kraken, a well-established cryptocurrency exchange, offers a comprehensive suite of trading options, including spot and margin trading, as well as advanced financial instruments such as futures and perpetual contracts. This article aims to provide a detailed exploration of where to access and trade these contracts on the Kraken platform.

1. Navigating the Kraken Contract Interface:

Kraken has designed a user-friendly contract trading interface to cater to both novice and experienced traders. To access the contract markets, follow these steps:

• Log in to your Kraken account and select "Trade" from the top menu.
• Under "Advanced," click on "Contracts" to enter the contract trading platform.
• You will be presented with a range of contract markets, including futures and perpetuals.

2. Types of Kraken Contracts:

Kraken offers two main types of contracts: futures and perpetuals. Each contract has unique characteristics and trading conditions:

- Futures Contracts:
Kraken's futures contracts are standardized agreements to buy or sell a specific asset at a predetermined price on a future date. They have a fixed lifespan and settle on a specific date.

- Perpetual Contracts:
Perpetual contracts are similar to futures contracts but with no fixed expiry date. They allow traders to maintain open positions indefinitely, continually rolling over the contract to the next trading day.

3. Choosing a Contract Market:

When selecting a contract market to trade, consider factors such as:

• Asset: The underlying asset being traded, such as Bitcoin, Ethereum, or other cryptocurrencies.
• Contract Type: Futures or perpetuals, each with their own advantages and drawbacks.
• Leverage: The amount of leverage available on the contract, which amplifies potential profits but also increases risk.
• Trading Fees: The commission and other fees associated with trading the contract.

4. Opening a Contract Position:

To open a contract position, execute the following steps:

• Choose the contract market and enter the desired order type: limit, market, or stop loss.
• Specify the number of contracts to buy or sell and the target price for limit orders.
• Review the order details and confirm the order.

5. Managing Contract Positions:

Once you have an open contract position, you can actively manage it by:

• Adjusting Leverage: Optimize your leverage level to balance potential profits with risk tolerance.
• Setting Stop Loss and Take Profit Orders: Automate order execution at predetermined price levels to protect from losses and lock in profits.
• Managing Margin: Ensure sufficient margin is maintained in your account to avoid margin calls.

6. Closing a Contract Position:

To close an open contract position, execute the following steps:

• Place an order of opposite position to the original order.
• Wait for the order to be filled or adjust the target price if needed.
• Review the trade history to confirm the position closure.

7. Withdrawal of Contract Earnings:

Earnings from contract trading are credited to your Kraken account in the underlying asset. To withdraw these funds:

• Go to the "Funding" section of your Kraken account.
• Select "Withdrawal" and choose the target asset.
• Enter the withdrawal amount and destination wallet address.
• Submit the withdrawal request and confirm it via email or 2FA.