Kraken introduces bitcoin dark pool

Announcements | June 16, 2015 By:

On Friday, June 12, Kraken introduced the Kraken dark pool for bitcoin trading, a new feature that allows clients to discreetly place large bitcoin orders and execute against similar sized orders at potentially better prices.

The Kraken dark pool is an order book not visible to the rest of the market. Each trader only knows their own orders. Traders can anonymously place large buy or sell orders without revealing their interest to other traders.

Kraken will charge an extra 0.1% for dark orders. Dark pool trading is available to all Kraken clients with accounts verified to Tier 2 or higher. The minimum dark order size is 50 BTC and only limit orders are supported. The dark pool will accept orders for trading between bitcoin and EUR, USD, JPY or GBP. Dark pool pairings are designated by a “.d” extension (e.g. XBT/EUR.d or XBT/USD.d).

Kraken is a San Francisco-based Bitcoin exchange.