Kraken Prop launches six commodity markets and halves non‑crypto commissions to 2bps

Opening — the essentials

On October 29, 2026 Kraken Prop put six commodity markets live on its platform and reduced commissions on all non‑crypto markets for most plans. The new commodities are gold, silver, WTI oil, Brent oil, copper and natural gas; they trade continuously and reference an external price oracle.

Kraken Prop concurrently cut commissions on non‑crypto markets for plans other than Lite from 4 basis points per side to 2 basis points per side (0.02% per side), effective October 29, 2026. Crypto commissions were unchanged.

What Kraken Prop added and how the markets work

The six commodities added on October 29, 2026 are gold, silver, WTI oil, Brent oil, copper and natural gas, and Kraken Prop states these instruments are available on the platform where Kraken Prop operates except the UAE, subject to geographic restrictions that may change (blog.kraken.com; kraken.com).

Kraken Prop’s commodity instruments trade 24/7 and are priced off an external index oracle. The instruments have no contract expiry and do not require positions to be closed at session end, but Kraken warns spreads may widen outside the underlying market sessions and on weekends and that continuous quoting does not imply deep executable underlying liquidity at all hours (kraken.com).

Kraken Prop’s product page explains pricing differences versus other platforms can occur because of the external oracle, settlement methodology and update timing (kraken.com). NewsBTC independently reported the launch and reiterated the product’s simulated nature (newsbtc.com).

Commissions and plan differences

Effective October 29, 2026, Kraken Prop halved commissions on all non‑crypto markets for plans other than Lite: the fee moved from 4 basis points per side to 2 basis points per side (sources: blog.kraken.com; kraken.com).

Crypto-market commissions were not changed by this update (blog.kraken.com; kraken.com). The new 2bps rate applies to existing evaluations and funded accounts; users do not need to buy a new evaluation to receive the lower rate (blog.kraken.com; kraken.com).

Lite plans keep their existing commission rate and also carry different trading terms: all six commodities are available on Lite with up to 20x leverage while preserving the existing Lite commission structure (blog.kraken.com).

Leverage and notional caps by commodity

Leverage and notional caps differ across markets and by plan. Kraken Prop published the following caps and leverage limits for non‑Lite plans and Lite plans (blog.kraken.com):

Maximum position size and margin funding

Kraken’s site states the maximum position size per instrument is $500,000 (kraken.com).

Margin funding on Kraken Prop is charged at 0.033% per day and is billed every 4 hours (kraken.com).

Simulated exposure: what participants actually trade

Kraken Prop participants submit simulated trade signals; they do not take real commodity delivery or hold underlying commodity positions. Kraken states traders ‘provide trade signals only’ and explicitly warns that stated limits are simulated (blog.kraken.com).

Despite simulated exposure, payouts are real and are credited to the user’s Kraken account based on simulated performance. Kraken maintains its existing rulebook mechanics: funded accounts up to $200,000, no consistency rules, no time limits, profit share up to 90%, and payouts typically within 24 hours to the user's Kraken account (blog.kraken.com).

NewsBTC’s reporting reiterated the simulated nature of the product and noted that visible simulated account numbers are not the same as withdrawable cash balances (newsbtc.com).

Availability, regulatory status and warnings

Kraken Prop’s commodity offering is available in all regions where Kraken Prop operates except the UAE, subject to geographic restrictions that may change (blog.kraken.com; kraken.com).

The Kraken announcement explicitly identifies Kraken Prop as an unregulated service and warns that evaluation fees are non‑refundable once trading begins (blog.kraken.com). Kraken also states that notional caps and leverage settings are subject to ongoing review and may change over time (blog.kraken.com).

Confirmed developments and sources

What is verified and published by Kraken: the October 29, 2026 launch of six commodities; the reduction of non‑crypto commissions to 2bps per side on non‑Lite plans; unchanged crypto commissions; 24/7 trading off an external index oracle; differences between Lite and non‑Lite terms; maximum position and notional caps; margin funding rate; and the service’s unregulated status and rulebook mechanics (blog.kraken.com; kraken.com).

Independent reporting: NewsBTC reported the same product launch and commission change and reiterated the simulated nature of Kraken Prop’s commodity offering (newsbtc.com).

Analysis — what this means for users

Meaningful unknown

Kraken Prop’s commodity launch expands the platform’s appearance of offering broad market exposure without requiring participants to hold real commodity positions. By pricing instruments from an external oracle and allowing continuous trading, Kraken is offering a trading experience that mirrors 24/7 access but depends on off‑exchange price feeds and internal settlement rules.

The commission cut to 2bps per side on non‑Lite plans reduces trading fees for evaluated and funded participants immediately, and Kraken applied the change to existing accounts. The unchanged crypto fees keep the crypto fee structure distinct.

Users should note the difference between simulated exposure (what Kraken Prop provides) and owning commodity assets: Kraken’s documentation and independent reporting both stress that traders submit signals and receive payouts based on simulated performance, rather than taking delivery or holding underlying assets.

Operationally, spreads that widen outside underlying market hours and weekend quoting caveats mean execution quality and implied liquidity can diverge from exchange‑traded commodity liquidity. Margin funding billed every 4 hours and per‑day rates are additional cost considerations for leveraged trading.

• How Kraken will adjust oracle sourcing and quoting during extreme underlying market stress is not detailed beyond the general warning that spreads may widen.

Useful reader questions

Which commodities were added and when did they launch? See the What was launched section for the six instruments and the October 29, 2026 launch date.

How much did Kraken cut commissions for non‑crypto markets and which plans are affected? The cut was from 4bps to 2bps per side for plans other than Lite; existing funded and evaluation accounts receive the new rate.

Do Kraken Prop participants own real commodity positions or only simulated exposure? Participants submit simulated trade signals and do not hold the underlying commodity positions; payouts are real and credited to Kraken accounts.

What leverage and notional caps apply to each commodity and plan? See the Leverage and notional caps table for the published limits and caps.

Is Kraken Prop available in my country and are there regulatory disclaimers? The commodity offering is available where Kraken Prop operates except the UAE; Kraken identifies the service as unregulated and warns evaluation fees are non‑refundable once trading begins.

Current status

As of October 29, 2026 the six commodity markets are live on Kraken Prop and the 2bps per‑side commission for non‑Lite plans is in effect. The product remains an unregulated simulated execution service with real payouts to Kraken accounts, and Kraken’s published rulebook and product pages contain the detailed terms and limits cited above (blog.kraken.com; kraken.com).