Kraken Prop Adds Gold and Cuts Non-Crypto Commissions
Kraken Prop added gold, silver, WTI and Brent oil, copper and natural gas on October 29, 2026. The new commodity markets are priced using index oracles and available for simulated trading 24/7 in supported regions, except the UAE.
On plans other than Lite, Kraken Prop cut commissions on all non-crypto markets from 4 basis points to 2 basis points per side. The lower rate also covers the S&P 500 and XYZ100 indices and applies to existing evaluation and funded accounts. Crypto commissions are unchanged. Gold offers up to 5x leverage and a $500,000 notional cap on non-Lite plans; limits vary for other commodities. Lite plans retain their existing commission rate.
The platform says its account limits, evaluation rules and profit share are unchanged. Trading involves simulated positions, while payouts are based on simulated performance; the article says payouts are typically made within 24 hours. The expansion gives traders more markets and lower costs, but does not represent direct trading in real commodity positions.
Neutral
This is a product and pricing update for Kraken Prop, not a change to cryptocurrency protocol fundamentals or a direct market-moving event for crypto assets. Lower commissions and the addition of gold and energy markets could attract more users to the platform and give existing traders additional ways to express views, but positions are simulated and do not constitute direct purchases of commodities. The article also says crypto-market commissions are unchanged.
In the short term, traders may respond with increased interest in the new markets or adjust activity between commodities and indices. Any effect on broader crypto prices or market stability is likely to be limited unless the launch materially changes platform participation or trading flows. As with other expansions of trading products, improved access and lower costs can support engagement, but they do not by themselves establish a sustained bullish or bearish trend.
Over the longer term, the significance will depend on adoption, evaluation outcomes, payout practices and any revisions to leverage or notional limits. The platform notes that limits are subject to review and that its evaluation program carries a risk of failing to qualify. Overall, the news is neutral for the crypto market, with a potentially positive effect on Kraken Prop’s product appeal rather than a clear directional signal for crypto prices.