Previously, in order to help mitigate strain on our platform caused by exponential growth, we delisted some of our trading pairs and suspended all advanced order types (you can read our blog post about it here: https://blog.kraken.com/post/1234). Since then we have made many infrastructure improvements to better handle load and scale our markets. In a key upgrade we installed a new trade engine on January 13. The new trade engine has and continues to perform extremely well. We are now ready to start bringing back some of the advanced order types and currency pairs.
Two advanced order types enabled
- Stop Loss
- Take Profit
Please note that these advanced orders trigger off of traded price. A Stop Loss sell order will trigger a market sell when a trade is executed on the exchange at or below the stop price. A Take Profit sell order will execute a market sell when a trade is executed on the exchange at or above the take profit price.
Will more advanced order types be enabled?
Yes! We will bring back more of the advanced order types in the coming weeks after they are thoroughly tested with the new trade engine.
How to create an advanced order
On https://trade.kraken.com (the Kraken trade platform – try it if you haven’t already!): Select Stop Loss or Take Profit from the “Type” field and enter your stop or take profit trigger price in the “Price” field.
On https://www.kraken.com: From the “Advanced” order form select Stop Loss or Take Profit in the “Order Type” field and enter your stop or take profit trigger price.
Note: If you don’t see the advanced order options, you may need to clear your browser cache.
10 currency pairs added
With the exception of ZEC/JPY, these are all pairs that Kraken previously delisted. We plan to add more currency pairs in the future, but do not have any specific information about which pairs we might add at this time. Specifically, for clients wondering about the XBT/GBP and ETH/GBP pairs, we may add these in the future, but do not have an estimated date at this time.