Kraken adds six more commodities; halves non-crypto asset fees excluding Lite

Kraken has added six commodity markets—gold, silver, WTI crude, Brent crude, copper, and natural gas—to its Kraken Prop platform, while cutting trading fees on non-crypto markets from 4bp to 2bp per side (0.02% of notional value) for all plans except the Lite tier. The reduced rates apply to the new commodity markets as well as existing non-crypto offerings like SP500 and XYZ100, covering both evaluation and funded accounts, while crypto market fees remain unchanged. Participants take positions without direct ownership of the underlying commodities. The move signals Kraken's push to expand its prop trading offering beyond crypto into traditional asset classes and sharpen its fee competitiveness against rivals. Watch for whether the fee cut drives volume growth in the new commodity markets and whether additional asset classes are added.