Kraken bitcoin exchange launches Ethereum Dark Pool trading

Investing | May 25, 2016 By:

Kraken announced it has started to offer Ethereum Dark Pool trading. The Dark Pool allows users to “discreetly” place large trading orders without exposing the order book to the public.

“Kraken is proud to be the first exchange to provide clients with a Dark Pool for Ether, a strategic option for professional traders. 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 Kraken CEO Jesse Powell.

In addition to the dark pool trading platform, the company has announced few other major updates to the platform. one among them is the Position Settlement Feature that allows traders to settle the advanced funds used in leveraged trade by paying through their accounts.

Kraken is one of the largest Bitcoin, Ethereum and digital asset exchanges.