Kraken users will enjoy a 0% maker fee and 0.01% taker fees on Shiba Inu and Pepe futures trading.
Leading cryptocurrency exchange, Kraken has announced lower maker and taker fees for Shiba Inu (SHIB) and Pepe (PEPE) perpetual futures trading. Kraken made the announcement less than a day after adding new perpetual futures trading pairs for SHIB and PEPE.
According to Kraken, users will get to enjoy lower fee tiers on the assets over the next 100 days. For the next 100 days, Kraken users will enjoy 0% maker fees and 0.01% taker fees for Shiba Inu and Pepe perpetual futures trading.
Celebrate our new perpetual futures listings!
0% maker 0.01% taker
Explore futures on Kraken Pro: https://t.co/p0GgjYjvzX
*Geo restrictions apply pic.twitter.com/gdLWHwxhDk
— Kraken Pro (@krakenpro) June 1, 2023
It bears mentioning that a market maker is an individual who always engages in digital asset trading by buying and selling different assets on an exchange. In contrast, a market taker is less concerned about executing trades at the best bids or offers. A taker executes the buying and selling orders set by a maker.
Recall that on May 30, Kraken announced new futures trading pairs for Shiba Inu and Pepe on its advanced trading platform Kraken Pro, with up to 10x leverage. The third-largest crypto exchange by trading volume implemented certain geographical restrictions to the service. Following the development, interested users are urged to go through the list provided by Kraken to know whether the service is available in their region.
For context, a perpetual futures contract is a type of derivative financial instrument that allows traders to speculate the prices of different crypto assets without owning the underlying asset.