Kraken vs Gemini: Fees, Coins, Safety Comparison
Gemini and Kraken are top cryptocurrency exchanges with user-friendly interfaces, flexible trading options, numerous cryptocurrencies, and technical analysis tools. Both are suitable for beginners and experienced traders.
Kraken and Gemini have their unique features. To help you choose the suitable crypto exchange for your trading needs, Traders Union experts did a Kraken vs Gemini comparison using 11 criteria. We also rated each crypto exchange based on their performances in our analyzed parameters.
Start trading crypto right now with Kraken!Kraken vs. Gemini: Ranking
Kraken and Gemini offer a comprehensive set of trading options and tools, making them high-performing and user-friendly platforms. Whether you’re a beginner or a professional trader, both platforms are the best way to get started.
Below we compare different parameters of a crypto exchange and rank Kraken and Gemini accordingly:
Feature | Kraken | Gemini |
---|---|---|
Overall |
4.5 |
4.0 |
Regulation |
4.6 |
4.2 |
Fees |
4.4 |
3.5 |
Trading Assets |
3.9 |
3.6 |
Investment Instruments |
3.7 |
3.7 |
Platforms and Charting Tools |
4.5 |
4.6 |
Margin Rates |
3.2 |
Not Supported |
Deposit and Withdrawal |
4 |
3.8 |
Research |
3.5 |
3.5 |
Education |
4.1 |
4.1 |
Support |
4.0 |
4.0 |
Promo |
3.8 |
4.3 |
Kraken vs. Gemini (Gemini US): A Brief Introduction
Kraken is one of the top US-based crypto exchanges serving clients from 200+ territories. It was established in 2011 and has offered various advanced and beginner features and 80+ cryptocurrencies since then.
In addition, it also allows traders to use fiat currencies (USD or EUR) and cryptocurrencies to fund their accounts. Not only that, but it also offers margin accounts, futures trading, and over-the-counter (OTC) trading.
Like Kraken, Gemini is also a US-based crypto exchange founded in 2014. The company struggled a lot to make its place in the crypto industry, and now it serves US traders in all 50 states. Gemini is known for its industry-leading security options, including a hot wallet and responsive customer support.
Kraken and Gemini Pros and Cons
Kraken |
Gemini |
|
---|---|---|
Overall Pros |
2 FA Authentication |
Users can trade all of the major cryptocurrencies in addition to USD |
Low Minimum Deposit |
Large trading volumes |
|
Passive Income With Staking |
No restrictions on trading strategies |
|
Regulated in several countries |
Great investment program |
|
Minimum maker fee $0 |
Gemini Pay makes it possible to pay with crypto in stores |
|
Over 50 indicators and 16 drawing tools |
Great data security |
|
Fund withdrawals are fast |
||
Offers all of the major deposit and withdrawal channels |
||
Overall Cons |
High margin rates |
Trading terminal isn’t standard |
Not a big choice of cryptocurrencies |
Short selling and leveraged trading not allowed |
|
Derivatives, NFT, ETF Not Available |
Not many coins available |
Kraken vs Gemini: Safety and Regulation
Gemini and Kraken both are regulated by financial or governmental authorities. For instance, FinCEN (USA), FINTRAC (Canada), FCA (Great Britain), FSA (Japan), and AUSTRAC (Australia) regulate Kraken.
On the other hand, the New York State Department of Financial Services regulates Gemini. This means both crypto exchanges are entirely safe to use, and you are less likely to face any legal issues.
Regulated By: | Kraken | Gemini |
---|---|---|
SEC |
No |
No |
FINRA |
No |
No (in process) |
SIPC Protection |
No |
No |
Other Regulators |
FinCEN (USA), FINTRAC (Canada), FCA (Great Britain), FSA (Japan), AUSTRAC (Australia) |
New York State Department of Financial Services |
Gemini vs Kraken: Trading Conditions
Comparing trading conditions between two crypto exchanges help traders decide which is more versatile and comprehensive. Some important aspects of trading conditions include minimum deposit, leverage, number of markets, trading platforms, trading accounts, coin base, etc.
Gemini’s minimum deposit is impressively way lower than Kraken's. The former charges only $1, while the latter has only $10.
Apart from that, Gemini and Kraken also support mobile and web trading platforms. Kraken takes the lead with its additional Mobile Pro app. Regarding leverage, Kraken offers 1:5, while Gemini doesn’t offer any leverage at all.
The most distinctive feature between Gemini vs Kraken is the number of markets. Kraken offers 374 markets, while Gemini has less than half of Kraken’s. Both platforms also offer 90+ cryptocurrencies, base account currencies, and one trading account.
Trading Conditions | Kraken | Gemini |
---|---|---|
Minimum Deposit |
$10 |
$1 |
Trading Platforms |
Web, Mobile, Mobile Pro |
Web, Mobile |
Leverage Spot |
1:5 |
None |
Number of Markets |
374 |
112 |
Number of coins |
98 |
90 |
Number of Trading Accounts |
1 |
1 |
Base Account Currencies |
USD, EUR, GBP, AUD, CAD, CHF, JPY + 98 Crypto |
USD, EUR, GBP, HKD, SGD, AUD, CAD + 90 crypto |
Kraken vs Gemini: Trading Assets
Trading assets are another important parameter that gives a crypto exchange a lead over the other.
Professional traders usually look for a comprehensive set of trading assets when choosing a crypto exchange to avail better results from their trading. These include the number of cryptocurrencies and the ability to exchange different types of currencies against each other.
Both Gemini and Kraken offer a range of top currencies, such as Dogecoin, Bitcoin, Uniswap, Litecoin, and more.
Asset Name | KuCoin | Binance |
---|---|---|
Yes |
Yes |
|
Yes |
Yes |
|
Yes |
Yes |
|
No |
Yes |
|
Yes |
Yes |
|
For non US Users |
No |
|
Yes |
Yes |
|
Yes |
Yes |
|
Yes |
Yes |
|
Yes |
Yes |
|
Yes |
Yes |
|
Yes |
Yes |
|
No |
Yes |
|
DeFi Tokens |
Yes |
Yes |
Kraken Fees vs Gemini Fees
Beginner traders usually watch out for trading and non-trading fees while making their decision. Of course, no trader would want to invest a significant amount of money in the early stages.
Non-trading fees include conversion, account, deposit, and withdrawal charges. This fee is charged on your traded currency and transaction volume.
Trading Fees
Trading fees are the certain fee percentage that traders pay in commission for a successful transaction. It is charged on your transacted amount. Gemini’s trading fee is slightly higher than other crypto brokerages as it varies depending on the platform you’ve chosen, making up to 1.49%. If you use a debit card, this trading fee tops out at 3.49% and other charges.
Gemini also charges a flat convenience fee of 0.5% above the current trading price. In addition, it also charges a transaction fee based on the amount of money traded, which is $200 flat. If you trade more than $200, it charges 1.49%.
On the other hand, Kraken has relatively lower trading fees. The maker fees for Kraken start from 0% to 0.16%, and taker fees are 0.1% to 0.26%. Kraken also allows debit card transfers at a rate of 3.75% + $0.25.
Fee | Kraken | Gemini (ActiveTrader plan) |
---|---|---|
Max Maker |
0.16% |
0.40% |
Max Taker |
0.26% |
0.20% |
Min Maker |
0% |
0% |
Min Taker |
0.1% |
0.03% |
Debit Card Transfer |
3.75% + $0.25 |
3.49% |
Non-Trading Fees
When it comes to non-trading fees, Gemini is a cheaper option than Kraken. It charges absolutely nothing for the bank transfer withdrawal fee compared to Kraken’s US $4-$35. Other than that, both platforms charge no account fee and an inactivity fee.
Kraken may also charge a deposit fee of up to $10. As for the Bitcoin withdrawal fee, Kraken charges a network fee as a Bitcoin withdrawal fee, and Gemini requires 0.001 BTC for the same parameter.
Kraken charges a debit/credit card withdrawal fee of 3.75% + $0.25, while Gemini charges 3.49%.
Kraken | Gemini (ActiveTrader plan) | |
---|---|---|
Account Fee |
0% |
0% |
Deposit Fee |
$0-$10 |
0%, debit card transfer - 3.49% |
Bank Transfer Withdrawal Fee |
4-35 USD |
0% |
Debit/Credit Card Withdrawal Fee |
3.75% + $0.25 |
3.49% |
Bitcoin Withdrawal Fee |
Network fee |
0.001 BTC |
Inactivity Fee |
0% |
0% |
Kraken vs Gemini: Margin Rates
Margin rates play a major role in providing coverage to traders in the times of distress. It is a specific percentage of money applied to a position’s total value that a trader must have to open it. Several top crypto exchanges have a tiered margin rate, ranging with the margin loan.
Traders fear losing their money anytime since crypto is quite a risky bet. As soon as a trader identifies that the price of an asset is diverting away from their position, they are more likely to face a sudden decline in the position’s value. In such a situation, the platform may close the trader’s position if they don’t have enough money in their account to cover the loss.
While the margin rates for BTC and USDT are the same on Kraken, Gemini doesn’t support margin rates at all.
Feature | Kraken | Gemini (ActiveTrader plan) |
---|---|---|
BTC (changing) |
0.02% (per 4 hours) |
Not supported |
USDT |
0.02% (per 4 hours) |
Not supported |
Kraken or Gemini: Passive Income Tools
Passive income tools allow traders to earn interest by staking their assets. These include staking, mining pool, managed accounts, and MAM/PAMM. Gemini and Kraken both offer limited passive income tools, including only staking.
Investment Tools Name | Kraken | Gemini (ActiveTrader plan) |
---|---|---|
Staking |
Yes |
Yes |
Mining Pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
No |
Best Trading Platform: Kraken or Gemini
Almost all top-tier crypto exchanges ensure to offer the three most-common trading platforms: mobile, web, and desktop. This helps traders continue performing the transaction or checking out the prices of an asset regardless of its location.
Kraken and Gemini both have web and mobile apps (Android and iOS), but both lack the desktop version. Kraken also has a third, separate app for futures trading, “Mobile Pro.”
Kraken | Gemini | |
---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
Trading Platforms Features
Trading platform features enhance the performance of a crypto exchange. These features vary from crypto exchanges, but the most helpful ones are:
-
Two-factor authentication (2 FA). Traders of all types of experience levels prefer having an additional layer of protection. This is why reliable crypto exchanges use two-factor authentication (2FA) to secure your transactions from any ill activity. Gemini and Kraken both have SMS and App-based 2 FA; however, both lack Voice call-based 2FA.
-
Search Bar. Gemini and Kraken both offer a search bar that assists traders in quickly finding the assets they want to trade.
-
Filters. Filters also speed up the process of finding the right cryptocurrency by letting traders search for assets based on several factors, like price, reward, risks, etc. Gemini and Kraken both support filters
Kraken | Gemini | |
---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis/Charting Tools
Technical analysis and charting tools are other features that allow traders to predict trends and prices without much effort. These tools can be drawing tools, indicators, historical trades, and live 2 quotes. They help traders yield better results from their trades.
You’ll find all of these tools at Kraken and Gemini. Both platforms have 50+ indicators and 16+ drawing tools, along with historical trades and live 2 quotes.
Kraken | Gemini | |
---|---|---|
Indicators |
50+ |
50+ |
Drawing Tools |
16+ |
16+ |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile Trading
The mobile trading platform for both crypto exchanges is efficient. They support iOS and Android devices and are non-compatible with Touch ID, Face ID, and the Apple Watch app.
Kraken | Gemini | |
---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of Orders
The types of orders a crypto exchange offers make it an attractive choice in the market. When it comes to supporting different order types, Gemini has an upper hand over Kraken.
Although both platforms offer market, limit, stop loss, and stop limit order, Gemini also provides the users with trailing stop orders that Kraken doesn’t.
Kraken | Gemini | |
---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
No |
Gemini vs Kraken: Deposit and Withdrawal
Withdrawal and deposit methods are other parameters to consider while deciding which platform is better than the other. The most common methods are bank transfers, credit/debit cards, electronic wallets, and crypto.
Gemini and Kraken have similar deposit and withdrawal methods, including bank transfer, credit/debit card, and crypto. However, neither of them is compatible with depositing or withdrawing money through electronic wallets.
Deposit and Withdrawal Method | Kraken | Gemini |
---|---|---|
Bank Transfer |
Yes |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
Gemini vs Kraken: Research
Research features help traders keep a check on their progress and trades. Top crypto exchanges offer a comprehensive set of research features, including fundamental data, newsfeed, chart analysis, trading ideas, and email reports.
Unfortunately, Gemini and Kraken don’t support many research tools. They are only compatible with news feed and email reports features.
Research Type | Kraken | Gemini |
---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
No |
Chart Analysis |
No |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
Yes |
Yes |
Kraken vs Gemini: Education
Whether it’s a beginner or an experienced trader, learning the complex aspects of the crypto world is a challenging thing. Many cryptocurrency exchange platforms offer various educational resources, such as webinars, courses, demo accounts, articles, books, videos, etc.
Gemini and Kraken have similar educational features, including articles, videos, and webinars. However, both don’t offer demo accounts, courses, and books.
Education Type | Kraken | Gemini |
---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Webinars |
Yes |
Yes |
Books |
No |
No |
Kraken vs Gemini: Support
Customer support is an essential part of a crypto exchange. With so many confused traders finding answers to their questions here and there, having a responsive customer support team can give a crypto exchange a leading edge over its competitors.
Gemini and Kraken both realize this, so they offer 24/7 customer support services. Moreover, they have email, phone, and online chat support as well.
Support Features | Kraken | Gemini |
---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Gemini vs Kraken: Promo
Best Crypto Sign-Up Bonus Offers and PromotionsGemini and Kraken both provide the traders with several promos and bonuses. However, Kraken only has a bonus for its referral program, which includes referring the platform to your friends and family and making them sign up. It goes for up to $1000 per referral for Kraken.
Gemini has better promos for its traders. It offers up to $100 for investing $1000 or more as a sign-up bonus. In addition, it also has a referral program bonus.
Promo | Kraken | Gemini |
---|---|---|
Sign-up Bonus |
No |
Up to $100 for investing $1,000 or more |
Other bonuses |
No |
No |
Referral Program |
Up to $1000 per referral |
Yes |
Kraken or Gemini: Which is Better in 2024?
Kraken and Gemini are similar in many aspects. Both have similar trading assets, commissions, charting tools, trading platforms, conditions, regulations, etc. However, they differ in the fee structure considerably.
Gemini has quite a complicated fee structure as compared to Kraken. It charges a 0.5% convenience fee on mobile and app users. It also has a transaction fee based on the amount of money you traded, amounting to a flat rate of $200. If you made a successful trade of more than $200, the platform would charge you 1.49%.
Meanwhile, Kraken has an easy-to-use platform, making it a better choice for professionals and beginners alike. It has a relatively lower fee, more markets and cryptocurrencies, and safety measures than its counterpart.
Overall, Kraken is a little better option in 2023.
Kraken vs Gemini fees - How Do They Compare?
Regarding the fee structure, we have already established that Kraken’s fee structure is way easier to understand than Gemini’s. The rules are quite simple; the maker-taker fees start from absolutely nothing to 0.26%, the bank account fees range from $4 to $35, the purchase fee is $5, and the debit/credit card withdrawal fee of 3.75% + $0.25.
On the other hand, Gemini’s fee structure has different rules than other crypto exchanges as it uses a tiered maker-taker fee model. Traders are charged depending on the amount they are trading and the platform they choose.
Gemini also has two fee schedules: mobile and desktop. Its fee ranges up to $2.99 for trade amounts more than $50 and less than $200. If the trade amount reaches $200 or more, the trader must pay 1.49%.
In this Gemini fees vs Kraken comparison, Kraken is a clear winner.
Gemini vs Kraken: Safety
Both Gemini and Kraken have strict safety features. Kraken allows users to hold 95% of their deposits in cold storage for an additional layer of protection. To offer you more protection, the crypto exchange also performs regular bug bounty programs, third-party security audits, and penetration testing.
Gemini also offers several industry-standard safety features, such as wallet address whitelisting and a review and approval option for devices to log in. In addition, it requires traders to complete their know-your-customer (KYC) verification procedure if they want to access the platform’s full list of features. This includes providing the crypto platform with your government-issued photo ID.
Gemini also got certified with SOC 2 recently. It also offers FDIC insurance for U.S. dollar deposits of a maximum of $250,000, along with a digital asset insurance policy for funds stored in the platform’s hot wallet.
Moreover, Kraken and Gemini both have a stable two-factor authentication (2FA) feature for enhanced protection.
Gemini vs Kraken - Which Is Better For Day Trading?
Kraken and Gemini are both high-performing crypto exchanges for day trading. They have a range of low-key to high-key features for more advanced strategies, such as margin trading, which makes them both attractive entities in the crypto industry.
However, Gemini offers relatively few trading pairs and a slightly lower trading volume than Kraken. This makes Kraken a better platform for day trading due to its lower trading fees, better volume, high liquidity, and margin trading options.
Gemini vs Kraken - Available Assets
Gemini generally offers fewer cryptocurrencies than its competitors, but you’ll get around 100+ available assets on the platform. So, traders can easily buy, sell, or exchange the popular assets on Gemini.
This crypto exchange also offers less popular coins, such as 0x (ZRX), Balancer (BAL), Aave (AAVE), Chainlink (LINK), Amp (AMP), and Compound (COMP).
On the other hand, Kraken has 50+ cryptocurrencies and 250+ trading pairs. These include crypto-fiat, crypto-crypto, and forex pairs. This is something that most crypto exchanges don’t offer.
In addition, Kraken also offers seven fiat currencies to traders, including US Dollar (USD), Canadian Dollar (CAD), Euro (EUR), Swiss Franc (CHF), Pound Sterling (GBP), Australian Dollar (AUD), and Japanese Yen (JPY). The platform just listed three new digital assets for advance spot and futures trading: SAND, ENJ, and LPT.
Summary
Gemini and Kraken are reliable, regulated, and advanced crypto exchanges for amateurs and professionals alike. They offer similar commissions, trading platforms, charting tools, technical analysis, and educational resources.
However, Kraken has the edge over Gemini due to its user-friendly interface, easy-to-understand fee structure, higher liquidity, and the number of markets and coins. It is also better for day trading.
Top 5 Reviews on Kraken
-
Comment
Kraken offers a wide range of cryptocurrencies and has a solid reputation in the industry, but serious issues with usability, customer support, and reliability detract from its appeal as a crypto exchange option.
-
Comment
I have to say they are scammers. He believed in Kraken, held coins on their crypto exchange. I recently found out that they deducted 50% of the balance from my trading account because I had not logged into my account for a long time. Who does this! And this without warning, of course!
-
Comment
It used to be not bad here, but every year the Kraken exchange dies down, as its turnover falls. Now it cannot be said that this is a large exchange, which it once was ...
-
Comment
I tried different exchanges, eventually settled on Kraken. Here are the best conditions for me. I have my favorite tools, the platform is understandable, I figured it out quickly and so far (for six months) nothing has lagged. The commission is also adequate, often below the market. Analytical materials are generally informative. But I’ll clarify right away: I was initially interested in a broker for active independent trading. There are no investment programs in Kraken, and that suits me. If you want extra income, then this is not your option, don't waste your time. I won’t say anything about beginners: on the one hand, Kraken provides basic training, but you can’t call the support service, except for a ticket or a chat.
-
Comment
I see that many people praise the Kraken exchange for its reliability and comfortable conditions for cooperation. I've been using this platform for about a year, and it's really good here. I would also like to note a high-quality trading terminal, it is simple and at the same time functional, even take profit and stop loss are integrated. The Kraken exchange has many advantages, so I will not list all of them. You will see for yourself if you register. I just want to name the cons such as the lack of telephone communication and investment programs. Also, the exchange favors active traders.
Top 5 Reviews on Gemini
-
Comment
If you are striving to lose your money, then I recommend that you start trading on Gemini. I have personally seen how easy it is to lose your cryptocurrency here. Ordinary transaction fees eat up a significant portion of potential profits. But even if you manage to earn something, Gemini can unconditionally cancel your trades, coming up with various reasons. I experienced this personally during the six months I spent on this exchange.
-
Comment
On another resource I saw reviews about Gemini, and not on one. What can I say, there is no trust in such companies, the reviews of which are so bad. I won't even try to trade here either. I believe those who had the imprudence to contact Gemini.
-
Comment
I have been associated with Gemini for a long time. Then our cooperation suddenly wound to a halt. There were too many flaws in this exchange. But most importantly, there was only Bitcoin and Ether, there were no other cryptocurrencies. Now I have returned to cooperation with this exchange again. The owners already provide more instruments for trading, there are other positive changes. I read somewhere reviews that the conditions at the Gemini crypto exchange have become worse, many traders are leaving, and trading volumes are falling. I disagree with this because every day I see how the trades are going and what the trading volumes are. However, the exchange commissions for transactions change often. If earlier the commission for trading was higher than 0.25% of the transaction amount. Now, during increased trading volumes, the faster the commission trends towards 0%. So draw your own conclusions.
-
Comment
Gemini has a very smart approach to trading and exchanging cryptocurrencies and they understand how important security is against hacking and online theft. When I studied the topic of securing a customer account in the Gemini exchange, I realized that I needed to register here. Yes, there are a lot of disadvantages. But they all overlap with merits. Moreover, the creators of Gemini are not sitting still, they frequently introduce new crypto pairs. Here you can already buy Bitcoins with the Singapore dollar, not to mention the currencies of the leading countries of the world. The trading volumes are serious, the liquidity on the exchange is very high. If anyone wants to work with account hacking insurance, then it is worth opening an account with Gemini.
-
Comment
As for me, there are too many problems with Gemini. I admit it is a regulated and secure exchange. But I prefer security more advantages in the form of leverage, a large number of payment systems, or a good selection of tokens. Well, privacy, too. I won't be able to be an anonymous trader in Gemini because I need to go through verification. Other exchanges do not have such a requirement. If the Gemini exchange softens its terms, I will gladly register there. In the meantime, I pass.
FAQs
Kraken Better than Gemini?
Yes, Kraken is better than Gemini. It offers more advanced margin trading options, simple fees structure, higher liquidity, and more coins and markets than Gemini. It is also ranked higher than Gemini in terms of the trading volume.
Is Kraken Trustworthy?
Yes, Kraken is trustworthy as it is regulated by FinCEN (USA), FINTRAC (Canada), FCA (Great Britain), FSA (Japan), and AUSTRAC (Australia). In addition, it provides cold storage for 95% of digital assets, 2FA, and performs regular bug bounty programs, third-party security audits, and penetration testing for the user’s safety.
Is Gemini a Legit Site?
Yes, Gemini is a legitimate US-based crypto exchange regulated by the New York State Department of Financial Services (NYSDFS).
Is Gemini Dollar FDIC Insured?
Yes, the Gemini tokens are FDIC-insured with pass-through FDIC deposit insurance. This is a precautionary measure against money laundering and other malicious activities.
Glossary for novice traders
-
1
Extra
Xetra is a German Stock Exchange trading system that the Frankfurt Stock Exchange operates. Deutsche Börse is the parent company of the Frankfurt Stock Exchange.
-
2
Cryptocurrency
Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.
-
3
Trailing Stop Order
A Trailing Stop Order is a type of order that automatically adjusts the stop-loss level as the market price moves in a favorable direction, helping to protect profits.
-
4
SIPC
SIPC is a nonprofit corporation created by an act of Congress to protect the clients of brokerage firms that are forced into bankruptcy.
-
5
Futures contract
A futures contract is a standardized financial agreement between two parties to buy or sell an underlying asset, such as a commodity, currency, or financial instrument, at a predetermined price on a specified future date. Futures contracts are commonly used in financial markets to hedge against price fluctuations, speculate on future price movements, or gain exposure to various assets.
Team that worked on the article
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
A professional English-Spanish translator, writer, proofreader, transcriber. Jose Antonio Gastelum offers his services for website content, blogs, research papers, documents, books and manuals about technology, finance, investment, tourism and insurance. In addition, he has some experience in web and app development, content marketing and SEO optimization.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).