Kraken Prop Adds Six Commodities, Halves Non-Crypto Fees

Kraken's proprietary trading arm added six commodity markets and cut its non-crypto commission rate in half, Kraken said in a blog post published October 29, 2026. Gold leads the launch, joined by silver, WTI crude oil, Brent crude oil, copper and natural gas, while commission on every non-crypto market on Kraken Prop drops from 4 basis points to 2 basis points per side, per Kraken's own announcement.

Six new markets, one fee cut across the board

Kraken Prop is the exchange's proprietary-style trading product, which until this announcement had centered on crypto markets and a smaller slate of non-crypto assets. The October 29 post states that the 2bps-per-side rate applies to every non-crypto market on the platform, including accounts traders already hold — Kraken did not frame this as a promotional rate limited to new sign-ups or a trial window.

The six named commodities split into two groups: precious and industrial metals (gold, silver, copper) and energy markets (WTI oil, Brent oil, natural gas). Kraken's post treats gold as the lead addition, with the other five positioned as accompanying the metal's debut on the platform. The blog post does not specify the previous commission rate's effective date, nor does it break out trading volume figures for the new markets since launch.

What the fee cut signals for Kraken's non-crypto push

The halving of commission costs across Kraken Prop's non-crypto book reads as an attempt to make the platform more competitive for traders who treat commodities and crypto as part of the same execution venue rather than separate accounts elsewhere. Kraken's post frames the change as applying retroactively to existing accounts, which removes a common friction point where fee cuts only apply to newly opened positions.

Kraken has not published, in this post, a stated rationale for the specific choice of gold, silver, oil, copper and natural gas over other commodity classes, nor has it disclosed whether further non-crypto asset additions are planned. Traders evaluating the change can compare it against commission structures at other platforms covered in CoinsCipher's crypto exchange reviews, which track fee and custody differences across venues.

The move adds to a broader pattern among crypto-native exchanges expanding into traditional asset classes on the same infrastructure used for digital assets. Kraken's blog post is the only public source for the announcement as of this writing; no secondary press coverage of the specific commission change was independently located. What happens next — whether Kraken adds further commodities, or whether competitors respond with their own fee adjustments — is not addressed in the company's post and remains to be seen in subsequent disclosures.