Meet the Mobile Kraken Futures App
In a bold move to enhance its trading experience, Kraken has just rolled out a mobile version of its previously web-only Kraken Futures platform. This app is now accessible on both iOS and Android, enabling traders to engage in futures trading while on the go. Yes, you can now trade digital assets while sipping coffee or waiting for your burrito to arrive!
What is Kraken Futures?
Kraken Futures is designed for those who take their trading seriously. Think of it as a high-octane vehicle in the crypto trading world, allowing users to long or short digital assets with a jaw-dropping 50x leverage. This means one can amplify their potential gains—though it’s important to note, this can also heighten the risks, so buckle up!
Key Features of the App
- QR Code Login: Breeze through security checks by scanning a QR code.
- Live Data Visualization: Watch order books and price charts in real-time, which can feel like having a front-row seat to a crypto circus.
- Manage Positions: Effortlessly oversee your open positions and orders, making trading on the fly much more feasible.
- Weekly Revenue Share: Active traders will enjoy a 30% revenue share from net fees, bringing a whole new meaning to ‘working for your money’!
WebSockets API Enhancements
But wait, there’s more! Earlier this year, Kraken also launched its WebSockets private API, which went live after a successful beta period. It serves as a backstage pass, giving users the lowdown on their open orders and timely updates on trades. Who wouldn’t want that streaming live like a sports game commentary?
Honesty in Trade Volume Reporting
In light of increased scrutiny among exchanges, it’s worth noting that Kraken is one of the few platforms reported by Chainalysis to be consistently honest about their trading volumes since 2019. Keeping it real, Kraken and its fellow “Bitwise 10” exchanges have made their actual trading volumes transparent, which is a breath of fresh air in the crypto scene.
Conclusion: The Future is Now
With its mobile app and robust API features, Kraken is not just pushing boundaries but shattering them. For traders craving flexibility in their operations, the new Kraken Futures app might just be your next best friend. So, dials your inner wolf of Wall Street and get trading!
