Kraken now offers Ether Dark Pool Trading on exchange
Global digital asset exchange Kraken will now offer clients Ether Dark Pool trading, according to a blog post on the company’s website.
The introduction of the Ether Dark Pool comes at a time when ether’s popularity has grown and its market cap sits at over $700 million, making it the second most valuable cryptocurrency.
“This year, trading volume for ether has dramatically increased on Kraken’s exchange, and we developed the Ether Dark Pool to bridge the gap between our lit order books and over-the-counter desk,” said Jesse Powell, CEO of Kraken.
Dark Pool trading allows traders to place large orders on an order book that isn’t visible to the rest of the market, and therefore doesn’t affect market prices. Buying and selling takes place anonymously and traders don’t have to reveal their interest to other traders. This was explained in a blog post last year on Kraken’s site when the company announced Dark Pool trading for bitcoin.
Ether Dark Pool trades have a minimum of 2,500 ether. Trades can be made against six currencies, including bitcoin and the fiat currencies British Pound, Canadian Dollar, Euro, Japanese Yen and US Dollar. Trading fees for the Dark Pool depend on the trade volume and range from 0.20% to 0.36%.
Image courtesy of Kraken