On Thursday, November 21, 2019, Kraken Digital Asset Exchange revealed that its Kraken Futures app is now accessible on iOS and Android devices.
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
Regulated by the Financial Conduct Authority (FRN 757895), Kraken Futures is described as a professional trading platform for derivatives on digital assets. With this platform, users are given the opportunity to trade digital assets, long and short, with a maximum of 50x leverage.
As per the blogpost, the new Kraken Futures app permits users to simply log in using a QR Code, access a live orderbook (i.e. buy and sell offers, current spread, etc.) and price chart, commence order types (i.e. stop-loss orders versus immediate-or-cancel orders), administer positions and orders (i.e. search assets based on total portfolio value, ROI and liquidation prices, etc.) and even access one’s account history.
Some of the general benefits of trading via Kraken Futures include a payout of 30% of all fees made back to traders, having access to a high throughput platform (so that tasks can be completed instantly) and being able to transfer collateral between futures and spot among others.