Derivatives

Trade Request

Derivatives Contracts

Request (REQ) derivatives let you gain exposure to Request without having to buy and hold any in your portfolio.
Sign up
Sign up
Kraken App QR Code

Get the Kraken Pro app

Derivatives Background

Request (REQ) derivatives are not available to trade on Kraken. You can still trade over 95 other perpetual derivatives with some of the lowest fees in the industry by signing up for a free account.

Whether you’re looking for a seamless, flexible user experience or performant API trading, Kraken derivatives offers a wide range of products on a robust, low latency, high-performance trading platform.

Why trade Request derivatives?

  • Request derivatives are an agreement between two counterparties to buy and sell a specific amount of REQ at a specific future Request price on a specific date and time
  • They allow you to gain exposure to Request without ever having to own it
  • Individuals and organizations that do own Request can use derivatives to hedge exposure against market movements

The Kraken Derivatives multi-collateral advantage

Gain exposure to a wide range of assets without owning them outright. With a variety of collateral options, you have flexibility when opening new positions or maintaining existing positions. And no matter what crypto you trade, you can choose to convert any profits into a currency of your choice.

Multi-Collateral Wallet
Sign up
Sign up

Introducing the Multi-Collateral Derivatives wallet

The multi-collateral wallet allows you to use a variety of collateral types to manage all of your positions, without needing to move funds around. For example, you can open a position on REQ/USD, use USDT as collateral and convert any profits to Request.

Multi-Collateral Futures Wallet
Sign up
Sign up

Kraken derivatives trading with leverage

Kraken derivatives offers leverage, allowing you to amplify your buying or selling power.

Flexibility in risk management 

New margin mode functionality allows you to trade using isolated margin to limit your downside per contract, or use cross margin to utilize all of your collateral across all positions.

Trade a range of currency pairs

Gain exposure to a variety of pairs using your multi-collateral derivatives wallet with 9 different collateral options.

Hedge volatility with Kraken Derivatives

Use derivatives to hedge against spot market volatility – no matter which way the underlying market moves.

Unlock advanced crypto trading with Kraken Pro

Trade spot, margin, derivatives and staking all in one place.

Sign up
Pro App

Request derivatives FAQs

A crypto derivatives contract is an agreement between a buyer and a seller that represents opposite views on the future value of a cryptocurrency. Traders use derivatives to take a view on future price changes of a digital currency by taking long or short positions.

Request derivatives contracts track the spot market price of REQ, allowing traders to gain market exposure to the Request price without having to hold the underlying digital asset.

Individual traders and institutional investors who hold Request can use crypto derivatives to hedge against spot price fluctuations and safeguard against volatile price swings.

Request derivatives are not supported on Kraken at this time. You can still create an Intermediate or Pro verified Kraken account to start trading 95+ other derivatives on Kraken Derivatives today. Open the Kraken Derivatives platform, transfer funds to your derivatives wallet, and submit a Buy/Long or Sell/Short order depending on your view of the market.

Note: Kraken Derivarives is currently not available to clients in the US and other countries.
Check your eligibility here.

Traders can “go long” on Request using derivatives contracts when they believe the price of the underlying asset will increase. The strategy is to buy low, then sell when the price moves up.

To open a long derivatives position with supported assets on Kraken Derivatives:

  1. Transfer funds to Kraken Derivatives, then fund your derivatives wallet with your choice of fiat, stablecoins and/or crypto to collateralize your position.
  2. Return to the trading page and select Buy/Long from the market selector. Set the parameters of your trade (e.g., limit price, quantity).
  3. Click the “Place Buy Order” button in the order form.

Traders can “go short” on Request using derivatives contracts when they believe the price of the underlying asset will decrease. Their strategy is to sell high, then buy when the price moves down.


To open a short derivatives position with supported assets on Kraken Derivatives:

  1. Transfer funds to Kraken Derivatives, then fund your derivatives wallet with your choice of fiat, stablecoins and/or crypto to collateralize your position.
  2. Return to the trading page and select Sell/Short from the order form. Set the parameters of your trade (e.g., limit price, quantity).
  3. Click the “Place Sell Order” button in the order form.

Keep sailing the high seas of success! What’s next?

Risk Disclaimer

  • Trading derivatives and other instruments using leverage involves an element of risk and may not be suitable for everyone. Read Kraken’s risk disclosure to learn more. 
  • Leveraged derivatives are complex instruments and entail a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading leveraged derivatives. You should consider whether you understand how leveraged derivatives work and whether you can afford to take the high risk of losing your money