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Quote from: kraken newsletter
We are pleased to announce the Kraken dark pool, a new feature that allows clients to discreetly
place large bitcoin orders and execute against similar sized orders at potentially better prices.
Kraken is now one of the few exchanges offering a dark pool for bitcoin.
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. Typically, outsized orders, when seen by other traders will cause the market to move
unfavorably, making it more difficult to fill the order at the desired price. This unfavorable price movement
may be avoided in a dark pool.
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 (for information on the account tiers click here). The minimum
dark order size is 50 Bitcoins and only limit orders are supported. The dark pool will accept orders
for trading between Bitcoins and EUR, USD, JPY or GBP. Dark pool pairings are designated by a “.d”
extension (e.g. XBT/EUR.d or XBT/USD.d).
place large bitcoin orders and execute against similar sized orders at potentially better prices.
Kraken is now one of the few exchanges offering a dark pool for bitcoin.
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. Typically, outsized orders, when seen by other traders will cause the market to move
unfavorably, making it more difficult to fill the order at the desired price. This unfavorable price movement
may be avoided in a dark pool.
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 (for information on the account tiers click here). The minimum
dark order size is 50 Bitcoins and only limit orders are supported. The dark pool will accept orders
for trading between Bitcoins and EUR, USD, JPY or GBP. Dark pool pairings are designated by a “.d”
extension (e.g. XBT/EUR.d or XBT/USD.d).
