kraken Releases Dark Pool Program for Large Bitcoin Buyers

kraken Bitcoin Exchange

The bitcoin currency market is still a very petite boat ter a large sea when it comes to the world of currency. Bitcoin’s total digital currency is not like any fiat currency except te the fact that its relatively puny size does make it indefenso to high volatility and market fluctuations, just like a smaller fiat currency would be. A large purchase can act like a ship creating a gigantic wake next to a petite sailboat, causing massive instability. kraken is one of the world’s leading bitcoin exchanges and is looking to help solve this problem with their fresh “Dark Pool” program for large purchases of bitcoin.

Posted on Reddit by “h0oneypot”, the fresh release of Dark Pool looks like an email update through their newsletter or current customer mailing list. Extra information and details have not bot posted to Losbreken’s webstek.

“We are pleased to announce the kraken dark pool, a fresh feature that permits clients (to place discreetly) large bitcoin orders and execute against similar-sized orders at potentially better prices. kraken is now one of the few exchanges suggesting a dark pool for bitcoin. The Losbreken dark pool is an order book not visible to the surplus of the market. Each trader only knows their own orders.”

“Traders can anonymously place large buy or sell orders without exposing their rente to other traders. Typically, outsized orders, when seen by other traders will cause the market to budge unfavorably, making it more difficult to pack the order at the desired price. This unfavorable price movement may be avoided te a dark pool.”

To qualify for the Dark Pool program, you vereiste have a Tier Two buyer account at kraken, and you will pay an extra 0.1% on your trade. The ondergrens order would be 50 BTC. Most major fiat currencies including Dollars , Yen, Pounds, and Euros are accepted, and the trades will be denoted by a “.d” on the transaction.

Hopefully, this is a step te the right direction for an improved level of bitcoin market price stability, spil I’m sure they get a ge number of large buy order requests. Maybe they can run this spil a test for the surplus of 2018, and report on the findings of how the market stabilized after large orders this year frente a previous orders without the system, and it can become a standard for all exchanges to adopt te 2018.

Do you see any potential issues with this fresh format for large buy orders at kraken? Share above and comment below.

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2 thoughts on “kraken Releases Dark Pool Program for Large Bitcoin Buyers

  1. Nothing is wrong with Binance, I trade on Binance all the time. The rumours and it’s effect te cryptocurrency could be giant. If you don’t know what you are doing ter this space one could lightly be derail.

  2. Yes its back. Its truly funny when Macafee fudding that the exchange got hacked and Binance replying that it did not get hacked. LOL

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