Trade WAX

Futures Contracts

WAX (WAXP) futures let you gain exposure to WAX without having to buy and hold any in your portfolio.

Futures BackgroundFutures Background

WAX (WAXP) futures are not available to trade on Kraken. You can still trade over 95 other perpetual futures 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 Futures offers a wide range of products on a robust, low latency, high-performance trading platform.

Why trade WAX futures?

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

The Kraken Futures 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.

Introducing the Multi-Collateral Futures 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 WAXP/USD, use USDT as collateral and convert any profits to WAX.

Kraken futures trading with leverage

Kraken Futures 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 futures wallet with 9 different collateral options.

Hedge volatility with Kraken Futures

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

Unlock advanced crypto trading with Kraken Pro

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

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WAX futures FAQs

  1. What are WAX futures?

  2. How to buy WAX futures?

  3. How to go long on WAX using futures contracts?

  4. How to go short on WAX using futures contracts?

Risk Disclaimer

Trading futures, 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.