Dual Investments on Kraken Pro

Earn up to 200% APR on BTC, ETH, or USD

Choose your asset, name your price, lock your rate — you’ll know both possible payouts upfront.

Explore Dual Investments
Available in select regions on
Pro

What are Dual Investments?

Earn a fixed APR, known upfront
Pick an asset you already hold — BTC, ETH, or USD — and a price you’d be happy to buy or sell at. Lock in a fixed rate — up to 200% APR — for a short term of 1 or 2 weeks. You earn that fixed APR (annualized) whether or not the market reaches your price.
Two outcomes — you see both before you invest
Every position has two possible payouts, both shown before you confirm. You earn your fixed return either way. The only thing that changes is which asset you’re paid in — crypto or cash — depending on whether the market reaches your target price.
Settles automatically to your Spot balance
When your term ends, your funds settle automatically to your Kraken Pro Spot balance — in your original asset or the other one, plus your yield. Available on Kraken Pro, web and app.

How it works

Choosing a crypto asset and investment amount on Kraken Pro

Choose an asset — BTC, ETH, or USD — and how much to commit.

Setting a target price and investment term on Kraken Pro

Set your target price and a short term: 1 or 2 weeks.

Locking in a fixed APR with both payouts shown before confirmation

Lock in your fixed APR. You see both possible payouts before you confirm — no surprises.

Automatic settlement of funds to your Spot balance with yield

At the end of the term, your funds settle automatically to your Spot balance — in one asset or the other, plus your yield.

Options to withdraw, reinvest, or automate with Recurring Investments

Withdraw, reinvest, or let Recurring Investments run it for you.

Why Dual Investments?

A simple way to earn a fixed return on assets you already hold — with both outcomes clear before you commit.

Dual Investments

Feature

Limit order

Dual Investments

Just holding

Limit order
Indicative yield
Up to 200% APR
(variable)
None
None
Set a target buy/sell price
Earns while you wait
Yes
A fixed return
Paid even if your price isn’t hit

-

Term
Short
1 or 2 weeks, auto-settles
Open until filled
Open-ended
You’re paid in
Crypto or cash, plus your yield
Filled, or unchanged
Original asset
Try now

The APR range is illustrative and typical; your rate is fixed once you confirm, and rates can spike higher — past 300% — in volatile periods. At settlement you may be paid in either asset, as shown above.

Set it once. Earn every week.

Recurring Investments place a new Dual Investment for you automatically — same asset, same amount, same term, every week. The market moves. Your strategy doesn’t have to.

You set the guardrails

Choose the rate you’ll accept — highest available, median, or lowest — and set a floor, a ceiling, or both. Kraken only invests when the rate fits your range. If no rate qualifies that week, it skips, and your settings stay in place for the next one.

Choose the rate you accept

Keep your capital cycling

Pair two recurring investments — one with crypto as your principal, one with cash — at equal value and the same term. Whichever way the market settles, you’ll hold the asset needed to fund one of them; the other simply waits. Hands-off, either direction.

Keep your capital cycling

An example

Rates rise with volatility and how aggressively you set your target — often around 50–150%, but higher in busy weeks.

Say you set a range of 150–300%. If the available rates one week were 316%, 254%, 202%, 158%, and 120%, Recurring would invest at 254%, 202%, or 158% — skipping 316% (above your ceiling) and 120% (below your floor). Figures are illustrative.

Visualized example
Set up Recurring Investments

FAQs

The key difference: Earn isn’t a derivative — it’s a passive yield (around 4% APR) for holding. Dual Investments is a derivatives transaction, and that’s what unlocks the higher fixed APR — up to 200%, locked in upfront. The trade-off: at the end of the term you’re paid in one of two assets, depending on whether the market hit your target price. Either way, you earn your fixed return. (The APR is the annualized premium on an options trade, shown as a percentage of your investment.)

No. Your funds are committed for the full term — 1 or 2 weeks — and settle automatically when it ends.

You’re paid in the other asset at your target price, plus your fixed yield.

You keep your original asset, plus your fixed yield.

Your rate is fixed and shown before you confirm. Across the market it varies with your target price, the term, the asset, and conditions — up to 200%, and higher (past 300%) in volatile weeks — which is why you see live rates as you set a position up. Any figures in examples are illustrative. The APR represents the premium you receive on an options transaction over the investment period, expressed as a percentage of your initial investment and then annualized.

A way to automate Dual Investments. Set your asset, amount, term, and an APR range once, and Kraken places a new investment for you each week — but only when the rate fits the range you chose. Each placement is a Dual Investment — a derivatives transaction, not a passive Earn-style product.

That week is skipped and nothing is invested. Your settings stay in place, and Kraken checks again next time.

Straight to your Kraken Pro Spot balance — in whichever asset your position settles in, plus your yield.

On Kraken Pro, web and app, in supported regions. Geographic and eligibility restrictions apply.

Dual Investments are offered by Payward Digital Solutions Ltd, authorised to conduct digital asset business by the Bermuda Monetary Authority.

APR is annualized — not what you earn over the term. Over a 1–2 week term you earn a fraction of it: 150% APR is roughly 5.8% over two weeks. Your APR is fixed once you confirm. The up to 200% figure is illustrative and typical; rates vary with your target price, term, asset, and market conditions, and can run higher in volatile periods. Available on Kraken Pro in select regions.

The educational material on this page is for information only and does not constitute an offer to trade futures. Kraken Futures is provided by a different licensed Kraken entity depending on where you live. Derivatives are complex instruments that carry a high risk of rapid losses due to leverage. You should not risk money you cannot afford to lose. Tax treatment depends on your individual circumstances and may change. Geographic restrictions may apply and can change without notice. Kraken products and services may not be covered by investor-compensation or deposit-protection schemes. Nothing on this page is investment, legal or tax advice. Access is subject to eligibility, local regulation and the terms of service for the legal entity you face

Payward Digital Solutions Ltd. is licensed to conduct digital asset business by the Bermuda Monetary Authority. Trading futures, derivatives and other instruments using leverage involves an element of risk and may not be suitable for everyone. Read Kraken Derivatives’ risk disclosure to learn more

Geographic restrictions apply

Start earning on what you already hold

Pick an asset, set your price, and lock in a fixed APR — or set it once and let Recurring Investments run it for you.

Explore Dual Investments