Kraken Prop has made a significant move in the commodities trading space by introducing six new markets. This expansion, announced on October 29, is designed to provide traders with more options while simultaneously lowering transaction costs. According to the official information, the new markets will enhance trading efficiency and accessibility for users.
Newly Added Commodity Markets
- Gold
- Silver
- WTI Oil
- Brent Oil
- Copper
- Natural Gas
Commission Reduction
In conjunction with this expansion, Kraken Prop has also reduced non-crypto commissions on most plans from four basis points to two basis points per side, excluding the Lite plan. This reduction aims to make trading more accessible and cost-effective for participants.Understanding Trading Dynamics
It's crucial to understand that while traders can engage in these markets, they do not own the underlying commodities. Instead, they submit simulated trade signals, which means the service operates in an unregulated environment. Additionally, participants should be aware that evaluation fees become nonrefundable once trading commences, emphasizing the need for careful consideration before entering the market.On October 23, Kraken introduced SFI trading, marking a notable development in the DeFi sector. This addition contrasts with Kraken Prop's recent expansion into commodities trading, highlighting the exchange's diverse offerings. For more details, see SFI trading.
