Kraken Futures

What is Kraken Futures?

Kraken Futures, offered by the renowned cryptocurrency exchange Kraken, introduces a dynamic and capital-efficient dimension to crypto trading. With access to over 95 perpetual futures contracts denominated in USD, traders can strategically capitalize on market opportunities by taking either long or short positions.

The platform's emphasis on leverage empowers users to amplify their buying and selling power, unlocking the potential for higher returns, all while benefiting from some of the lowest fees in the industry.

Kraken Futures not only provides advanced trading analytics for informed decision-making but also offers flexible risk management options, allowing traders to choose between isolated margin to limit downside per contract or cross margin to utilize collateral across all positions.

Key Features of Kraken Futures

• Wide Range of Perpetual Futures
• Access over 95 perpetual futures contracts denominated in USD, allowing traders to capitalize on market opportunities by taking long or short positions.
• Capital-Efficient Trading with Leverage
• Amplify your buying and selling power using leverage, while enjoying some of the lowest fees in the industry, making Kraken Futures a capital-efficient platform for crypto trading.
• Advanced Trading Analytics and Risk Management
• Benefit from advanced trading analytics to make informed decisions, and choose from flexible risk management options such as isolated margin or cross margin to tailor your trading strategy.

Key Uses of Kraken Futures Data for Accounting

Real-time Profit and Loss (P&L) Calculation for Kraken trades

Integrate Kraken Futures data into Cryptoworth, syncing information from diverse blockchain and exchange sources. Employ Kraken Futures data for real-time Profit and Loss calculations, offering insights into portfolio performance and the success of futures trading strategies.

Accurate Cost Basis and Weighted Average Cost (WAC) Calculation

Sync comprehensive data from Kraken Futures and other relevant platforms. Utilize Kraken Futures data to calculate precise cost basis and Weighted Average Cost (WAC), facilitating accurate financial reporting and compliance.

Enhanced Reporting with Futures Trading Insights

Integrate Kraken Futures data alongside information from various platforms and protocols. Leverage Cryptoworth to produce detailed reports, including Gain/Loss statements specific to futures trading, providing a holistic view of financial health and insights for strategic decision-making.

FAQs on Kraken Futures Accounting with Cryptoworth

Can Cryptoworth handle perpetual futures data from Kraken?

Yes. Cryptoworth supports detailed ingestion of Kraken Futures data, including open/close positions, margin movements, and realized/unrealized P&L. This enables accurate journal entries aligned with financial reporting periods.

How does Cryptoworth improve cost basis tracking for futures trading?

By aggregating Kraken Futures trade data across instruments and timelines, Cryptoworth calculates cost basis using weighted average or FIFO methods, depending on accounting policy. This simplifies month-end reconciliation for controllers and accountants.

Is Kraken Futures performance data reportable in GAAP-compliant formats?

Yes. Futures-related entries processed through Cryptoworth can be mapped to standard ledger accounts and exported in formats compatible with GAAP and IFRS frameworks. Reports can be integrated with ERP systems for full financial visibility.