Principal Trader, US

United States

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$168,000 – $269,000Compensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Cryptocurrency, Financial Services, FintechIndustries

Requirements

Candidates must possess over 5 years of trading experience, with at least 3 years specifically in spot and derivatives trading within financial services, FX, or crypto. Expertise in options pricing, execution, and client flow risk management is essential, along with a deep understanding of crypto-specific products and derivatives. Strong quantitative and analytical skills, including familiarity with financial modeling and the ability to develop complex trading strategies, are required. Demonstrated ability in sales and client engagement is also necessary.

Responsibilities

The Principal Trader will support and grow the OTC Spot and derivatives desks by defining strategy, execution, and long-term growth. Responsibilities include client engagement and business development by building relationships with HNWIs, institutional clients, and counterparties. The role involves contributing to robust risk management practices, partnering with technology teams to improve systems, and collaborating with other trading desks to align strategies and optimize liquidity. Additionally, the trader will stay informed about market dynamics, highlight opportunities for growth and innovation, and drive business development to expand the OTC business.

Skills

Trading

Market Making

Liquidity

Crypto

Blockchain

Risk Management

Client Service

Execution

Kraken

Cryptocurrency exchange for buying and trading

About Kraken

Kraken is a cryptocurrency exchange platform that allows users to buy, sell, and trade various digital assets. It offers features that cater to both beginners and experienced traders, making it easy to navigate the cryptocurrency market. Users can execute trades with high liquidity, which means their transactions are completed quickly. The platform charges low transaction fees, sometimes as low as 0%, helping users keep more of their profits. Kraken also provides advanced charting tools to help investors track their investments effectively. Security is a major focus, with multiple protective measures in place to keep user assets safe. The platform supports 70 different asset pairs and is continuously expanding its offerings. Additionally, Kraken offers 24/7 global support to assist users with any questions or issues.

San Francisco, CaliforniaHeadquarters

2011Year Founded

$108.5MTotal Funding

SERIES_CCompany Stage

Crypto & Web3, Financial ServicesIndustries

501-1,000Employees

Benefits

Competitive salary and equity plan

401k contribution plan

Vacation & Generous PTO

Paid Tranings

Risks

Increased competition from Binance and Coinbase could impact Kraken's market share.

Regulatory scrutiny in the EU may raise Kraken's compliance costs.

The volatility of cryptocurrency prices can affect Kraken's revenue from transaction fees.

Differentiation

Kraken offers both spot and futures trading for over 40 digital assets.

The platform provides advanced charting tools for professional traders and technical analysts.

Kraken's 24/7 global support ensures assistance for users at any time.

Upsides

Kraken's acquisition of Staked enhances its staking services for consumers and institutions.

Sponsorship deals with major soccer clubs boost Kraken's visibility and brand recognition.

The rise of crypto derivatives attracts advanced traders to Kraken's sophisticated tools.

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