Kraken Exchange Released Mobile Trading App for Kraken Futures

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Daria Rud
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Kraken, one of the world’s leading crypto exchanges based in San Francisco, has introduced a mobile version of its Kraken Futures trading app.

Futures Trading in the palm of your hand. Hot on the heels of our Kraken Pro app, The new Kraken Futures mobile app is now live! https://t.co/MpG0ToYlgO

— Kraken Exchange (@krakenfx) November 21, 2019

Kraken Futures is a professional platform for trading derivatives on digital assets. Regulated by the Financial Conduct Authority, Kraken Futures allows trading digital assets long and short with up to 50x leverage and benefit from price swings or hedge price risks. On the app, users are offered Ethereum, Litecoin, Bitcoin Cash, XRP, and Bitcoin futures.

Previously, Kraken Futures was functioning only on a web browser. Now, users of iOS or Android devices can enjoy the mobile version of the app. According to the company’s announcement, the app users are able to easily sign in using a QR code, monitor the live order book and price chart, initiate advanced order types, manage open positions and open orders, and check their account history. Besides, they can see what trading pairs are available and keep track of upcoming maturity dates, premiums and volume. Users are also provided with the options of perpetual, monthly and quarterly contracts. The most active traders will receive a 30% revenue share of net fees once a week.

More about Kraken Exchange

Kraken exchange is a crypto exchange that provides cryptocurrencies to fiat trading. Established in 2011, Kraken quickly became popular. In 2013, it formally launched the trading operations. It is notable that Kraken became the first cryptocurrency exchange, the information about the trades on which was displayed by the Bloomberg terminal. Moreover, it is a global leader in terms of BTC/EUR trading.

Kraken has made a number of important acquisitions, among them we can name Canadian Cavirtex, Coinsetter, and Glidera in 2016, as well as CryptoWatch trading platform in 2017.

Back in April, Kraken acquired Crypto Facilities, the UK-based cryptocurrency futures provider, in a $100 million deal and determined the future success of the latter. Since the deal, Crypto Facilities has witnessed exponential growth with the futures trading volumes shooting over 500%.

In October, Kraken exchange released its WebSockets private Application Program Interface (API) to provide a faster, more efficient interface for those who are involved in building software applications for trading and accessing market data. Handling users’ private data and actions, API enables quick access to their activity and is widely used for trading.

Recently, the exchange launched a rewarding program. According to Kraken’s blog post, the exchange rewards those who make good references for its platform and attract more new clients. Users can get paid 20% of the fees the company collects from a referred client (or up to $1,000 USD for each client referred).

Author: Daria Rud

Daria is an economic student interested in the development of modern technologies. She is eager to know as much as possible about cryptos as she believes they can change our view on finance and the world in general.

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