Kraken: futures trading on the mobile app
Crypto

Kraken: futures trading on the mobile app

By Alfredo de Candia - 21 Nov 2019

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As announced a few minutes ago, Kraken, one of the oldest exchanges to operate in the industry, has now made it possible for customers to carry out futures trading directly from the mobile application.

For some time now, some of Kraken’s features have been accessible from the app platform, but not futures trading.

Whereas now, the new app, accessible from Android and iOS, will allow the user to:

  • Login by scanning the QR code;
  • See in real-time the order book and the graphs related to the prices of cryptocurrencies;
  • Place advanced orders;
  • Manage open positions;
  • See the account history.

In fact, through this app update, as explained in the official company statement, it will be easier to do trading without the need to have a PC at hand.

Just last month the exchange had also launched an application for “Kraken Pro“, precisely to allow users to easily do trading from smartphones, 

In addition, the exchange provides support to its customers with regard to the update of the DAI protocol, one of the leading projects in the DeFi world.

Kraken and the futures of Crypto Facilities

In early 2019, Kraken announced that it had acquired the startup Crypto Facilities, founded in 2014. Crypto Facilities operated a regulated futures trading platform and was acquired by Kraken for $100 million.

At the time, Kraken’s CEO, Jesse Powell, described the decision to acquire Kraken as ideal for making it easier to obtain the licenses needed to offer a futures service.

“The deal brings our total developer team to over 100, and will accelerate Crypto Facilities by enabling us to add more assets. We plan to launch more contracts in the medium-term and Kraken also has plans to launch more assets. The objective we have is to build the most liquid futures exchange”.

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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