Kraken Pro Launches Native TWAP Orders
Kraken Pro introduces TWAP orders across platforms and APIs, splitting large orders into smaller child orders over a set window.
Source-checked briefing: prepared from the official notice cited below and checked for source, date, duplication, and risk language. No individual editor review is claimed. Methodology
Kraken announced that TWAP (time-weighted average price) orders are now available on Kraken Pro across Web, Desktop, and Mobile, with full REST and WebSocket API support. TWAP splits a large parent order into smaller child orders executed over a user-selected window from 1 minute to 7 days. Child orders execute as IOC at the best bid or ask, respecting the parent limit price. The announcement does not require any action from users; it simply states the feature is live.
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TWAP orders are live on Kraken Pro Web, Desktop, and Mobile.
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TWAP splits one large order into smaller child orders over a window from 1 minute to 7 days.
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Child orders execute as IOC at the best bid or ask, respecting the parent limit price.
Key timeline
Kraken announces TWAP orders are now available on Kraken Pro.
Who may be affected
- Kraken Pro users on Web, Desktop, and Mobile.
- API users of Kraken Pro who want to automate TWAP orders.
Impact analysis
The introduction of TWAP orders on Kraken Pro provides a native tool for executing large orders without manually staggering trades. Users can now set a pair, size, and time window, and the platform will automatically split the order into smaller child orders. This feature is available immediately across all Kraken Pro interfaces and APIs. The built-in controls—such as capping parent order size relative to expected market volume, limiting price deviation, and enforcing minimum intervals—are designed to manage execution risk. However, the announcement does not specify any changes to existing order types, fees, or account requirements. Users who previously used third-party tools or manual methods for TWAP-like execution may now have a native alternative, but the announcement does not compare costs or performance.
What the announcement does not say
The announcement does not disclose whether TWAP orders incur additional fees, how the parent order size cap is calculated, or whether TWAP is available for all trading pairs. It also does not specify any minimum or maximum order size limits beyond the time window.
Risk notes
- TWAP does not guarantee the best price or a full fill; it aims for a fill close to the time-weighted average price.
- TWAP is an execution tool, not a trading strategy or market signal; it does not provide timing advice.
- Child orders execute as IOC at the best bid or ask, which may result in partial fills or no fill if liquidity is insufficient.
- The announcement does not address security or account safety; no new risks are mentioned.
- This article is for verification of the exchange's official announcement only and does not constitute investment or trading advice.
This article is for information only and is not investment, legal, or tax advice. Digital assets are volatile and may result in loss of principal.
Frequently asked questions
What is a TWAP order?
TWAP stands for time-weighted average price. It splits a large parent order into smaller child orders executed over a user-set window from 1 minute to 7 days, aiming for a fill close to the market's time-weighted average price.
Where can I place TWAP orders?
TWAP orders are available on Kraken Pro Web, Desktop, and Mobile, and via REST and WebSocket APIs for sending, amending, canceling, and tracking.
Does TWAP guarantee a full fill?
No, the announcement states that TWAP does not guarantee the best price or a full fill. It aims for a fill close to the time-weighted average over the chosen window.
Official sources
Collected material is used only for fact checking. If this page differs from the original announcement, the official page controls.