Kraken Prop adds commodities at half commission

Six commodity markets went live on Kraken Prop on Oct. 29: gold, silver, WTI oil, Brent oil, copper and natural gas. Alongside the launch, commissions on non-crypto markets were cut 50% for most plans. The primary Kraken document confirms the reduction applies to both the new commodity markets and the existing S&P 500 and XYZ100 index markets.

The fee math is simple enough. Non-crypto commissions drop from 4 basis points to 2 basis points per side — excluding Lite plans. On a $100,000 position, that’s $20 per side at the new rate, or $40 for a full round trip. Under the old 4-bps structure, the same round trip would have run $80.

Kraken Blog described the rollout as: “Gold, silver, oil, and other commodities are now live on Kraken Prop at half the commission.” It also wrote, “Gold is the most requested market in this category, so it leads the launch.”

The product terms differ by commodity. Gold carries up to 5x and a $500,000 notional cap on every plan except Lite. Silver, WTI oil and Brent oil each get up to 5x and a $200,000 cap. Copper allows up to 10x against a $50,000 cap; natural gas tops out at 3x with the same $50,000 ceiling.

Lite plans get all six commodities at up to 20x, but their commission rates stay where they were. The 2-bps pricing is strictly a non-Lite benefit.

Kraken Prop’s broader terms are worth stating plainly. Traders provide signals and hold no real positions; payouts are based on simulated performance, and the service is unregulated. Funded accounts reach $200,000, with profit shares of up to 90%, no consistency rules, no time limits, and payouts to a Kraken account typically processed within 24 hours. The new markets are available wherever Kraken Prop operates, UAE excluded.

What the announcement actually shows is Kraken building a TradFi-facing menu next to its crypto offering — metals, energy, industrial commodities and indices, all inside the same prop framework. Whether that translates into meaningful platform volume is something the announcement doesn’t establish.

The commission cut takes effect immediately for non-Lite users. Commodity-specific caps and multipliers then determine how much notional exposure any given market allows.