Kraken, a prominent cryptocurrency exchange, has revealed reduced maker and taker fees specifically for Shiba Inu (SHIB) and Pepe (PEPE) perpetual futures trading. The announcement came shortly after Kraken introduced new perpetual futures trading pairs for SHIB and PEPE.
In an announcement made by Kraken, users will have the opportunity to benefit from lower fee tiers on Shiba Inu and Pepe perpetual futures trading for the next 100 days. Users will enjoy 0% maker fees and 0.01% taker fees during this period when trading these assets on Kraken.
It is relevant to note that a market maker is a person who consistently participates in the buying and selling of various digital assets on an exchange. On the other hand, a market taker is not as focused on obtaining the best bids or offers when executing trades. Instead, a taker carries out buying and selling orders that have been placed by a maker.
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On May 30th, Kraken introduced fresh futures trading pairs for Shiba Inu and Pepe on its advanced trading platform, Kraken Pro, enabling users to leverage up to 10 times. However, the crypto exchange, which ranks as the third-largest in terms of trading volume, imposed specific geographical limitations on this service. As a result, interested users are advised to consult the list provided by Kraken to determine if the service is accessible in their region.
For a better understanding, a perpetual futures contract is a financial instrument categorized as a derivative. It enables traders to speculate on various cryptocurrencies’ price movements without owning the underlying assets.
