May 20, 2019

Revenue Share and Assignment Program

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Revenue Share Program Update

In March, we introduced our Revenue Share Program (RSP) to incentivise clients to provide liquidity and trade actively on Kraken Futures.

The program has proved a huge success, reaching a record weekly pay-out of $175,000 last Friday. We’ve also seen liquidity grow tremendously across all products, with bitcoin and ether liquidity increasing by up to 10x since February.

rspss

As of May 31, 12:00 UTC, we are amending the parameters of the RSP to further drive liquidity to Kraken Futures:

Revenue Share (%) Minimum Payout RSI Liquidity/Volume Share Proportional Payout Slot Payout Number of Slots
Current 30% $25,000 75%/25% 50% 50% 4
New 30% $25,000 75%/25% 20% 80% 7

While we will be maintaining the $25,000 minimum payout, the split amongst the Contract Types are being adjusted as follows:

  • XBT:USD $9,000
  • ETH:USD $6,000
  • XRP:USD $3,000
  • LTC:USD $3,000
  • BCH:USD $3,000
  • XRP:XBT $1,000

The 80% slot payout will be disbursed across 7 slots per Contract Type as follows:

  • Slot 1: 25%
  • Slot 2: 17.5%
  • Slot 3: 12.5%
  • Slot 4: 10%
  • Slot 5: 7.5%
  • Slot 6: 5%
  • Slot 7: 2.5%

Finally, we will allow clients with linked/subaccounts to have their performance summed so that they can aggregate their activity for the purpose of RSP rewards.

Position Assignment System Preference Management

Last year we launched our Position Assignment System (PAS) as a mechanism to handle liquidations which were not filled in the orderbook. This innovative approach is an alternative to the insurance fund/clawback system model that is prevalent in cryptocurrency derivatives markets.

You can now opt into the PAS and receive position assignments from liquidated traders at favourable prices. Simply navigate to the “Assignment Program” link in the header and you can add preferences for how you would like to participate in the PAS.

Please make sure you read up on the PAS beforehand.

Crypto Facilities Ltd reserves the right to remove the RSP and PAS at its sole discretion at any time.

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Crypto Facilities is a group of companies which is in turn a member of the Payward, Inc. group of companies. Payward, Inc. is the owner and operator of the Kraken Exchange, a venue that facilitates the trading of cryptocurrencies.

Crypto Facilities Ltd is authorised and regulated by the Financial Conduct Authority (FRN 757895) and registered in England with registered number 9172128 and registered office at 6th Floor, One London Wall, London, United Kingdom, EC2Y 5EB.