Introducing Synthetic Pairs on Kraken Pro
TL;DR
Synthetic Pairs on Kraken Pro allow traders to execute altcoin-to-altcoin or cross-asset trades in a single atomic transaction, eliminating the need for manual two-hop routing through an intermediary asset like USD or USDT.
All synthetic trades on Kraken Pro are executed with a single consolidated taker fee, settled atomically inside Kraken’s matching engine, and recorded as one entry in trade history, with an “S” indicator displayed next to synthetic pairs in the interface.
Kraken’s Synthetic Pairs cover 10,000+ trading pairs built on 478 USD spot pairs, with support for 21 quote assets spanning fiat currencies (GBP, AUD, EUR), stablecoins (USDT, USDC, DAI, PYUSD, USDG, EURC, PAXG, USD1), and crypto quotes (BTC, ETH, SOL, XRP, DOGE, and more), with Market Price Protection (MPP) applied to all market orders.
A simple solution to a common problem
Active traders, you know the scenario: you want to move from one altcoin to another, or trade into a local fiat pair that doesn’t have meaningful native liquidity. So you do what you’ve always done: break it into two trades, manage the gap between legs, and pay fees twice for the privilege. It works. It’s just inefficient, and that inefficiency has a real cost.
