Kraken EEA PF_XAUUSD perpetual
Official-document verification is not direct product testing, full legal-package completeness, reserve inspection or legal approval. Unknown is never zero or permission; conflicting terms remain unresolved. No live liquidity, ranking, trading or wallet is provided.
Coverage and missing structures
Five gold structures are distinguished: allocated token, unallocated claim, trust share, dated future and perpetual. Four named products plus one LBMA structural reference were researched. Other commodities require separate storage, quality and delivery evidence; the gold model is not copied to them.
Real product record
A venue-specific cash-settled perpetual derivative; no underlying title or physical delivery. Funding, margin and eligibility conditions apply.
- Structure
- Gold perpetual
- Classification
- Derivative
- Holder rights
- Derivative exposure
- Legal form
- Perpetual derivative
- Symbol / ISIN
- PF_XAUUSD · Unknown / not established
- Document scope
- EEA clients / Payward Europe Digital Solutions (CY) Limited channel
- RWA EDU record revision
- market-source-pack-2026-10-19-v1
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Reference Gold Pyth 24/7 Index; a position is not allocated physical gold ownership.
Document locator: Contract specifications instrument table; Risk Disclosure §1 Derivatives
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- Linear Multi-Collateral Derivatives Contract Specifications for clients in the European Economic Area
Kraken / Payward Europe Digital Solutions (CY) Limited · EEA derivatives clients; venue-specific
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-10-16 · Updated 2026-10-16; instrument first-trading dates are not publication dates
- MiFID II Risk Disclosure Statement — Payward Europe Digital Solutions (CY) Limited
Payward Europe Digital Solutions (CY) Limited · EEA / Cyprus services
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-01-27 · Updated 2026-01-27; stated licence not independently checked
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Underlying identity and unit
Documented in this source package
Reference Gold Pyth 24/7 Index; a position is not allocated physical gold ownership.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Reference Gold Pyth 24/7 Index; a position is not allocated physical gold ownership.
Document locator: Contract specifications instrument table; Risk Disclosure §1 Derivatives
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- Linear Multi-Collateral Derivatives Contract Specifications for clients in the European Economic Area
Kraken / Payward Europe Digital Solutions (CY) Limited · EEA derivatives clients; venue-specific
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-10-16 · Updated 2026-10-16; instrument first-trading dates are not publication dates
- MiFID II Risk Disclosure Statement — Payward Europe Digital Solutions (CY) Limited
Payward Europe Digital Solutions (CY) Limited · EEA / Cyprus services
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-01-27 · Updated 2026-01-27; stated licence not independently checked
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Issuer / contracting entity
Unknown / not established
Not established in the inspected source package. No permission, zero fee or absence of risk is inferred.
Provider and separate roles
Documented in this source package
Payward Europe Digital Solutions (CY) Limited is the EEA service provider. Its role is not automatically the issuer, custodian or final counterparty.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Payward Europe Digital Solutions (CY) Limited is the EEA service provider. Its role is not automatically the issuer, custodian or final counterparty.
Document locator: EEA specifications and risk disclosure parties
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- Linear Multi-Collateral Derivatives Contract Specifications for clients in the European Economic Area
Kraken / Payward Europe Digital Solutions (CY) Limited · EEA derivatives clients; venue-specific
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-10-16 · Updated 2026-10-16; instrument first-trading dates are not publication dates
- MiFID II Risk Disclosure Statement — Payward Europe Digital Solutions (CY) Limited
Payward Europe Digital Solutions (CY) Limited · EEA / Cyprus services
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-01-27 · Updated 2026-01-27; stated licence not independently checked
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Legal structure
Documented in this source package
Linear multi-collateral perpetual derivative under EEA venue terms; no designated maturity and hourly funding.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Linear multi-collateral perpetual derivative under EEA venue terms; no designated maturity and hourly funding.
Document locator: Contract specifications Funding section
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- Linear Multi-Collateral Derivatives Contract Specifications for clients in the European Economic Area
Kraken / Payward Europe Digital Solutions (CY) Limited · EEA derivatives clients; venue-specific
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-10-16 · Updated 2026-10-16; instrument first-trading dates are not publication dates
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Asset backing and verification scope
Unknown / not established
Not established in the inspected source package. No permission, zero fee or absence of risk is inferred.
Holder rights
Documented in this source package
No title, physical delivery or rights in the underlying/hedge assets. Price-linked derivative exposure is distinct from ownership.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
No title, physical delivery or rights in the underlying/hedge assets. Price-linked derivative exposure is distinct from ownership.
Document locator: §1 Derivatives
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- MiFID II Risk Disclosure Statement — Payward Europe Digital Solutions (CY) Limited
Payward Europe Digital Solutions (CY) Limited · EEA / Cyprus services
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-01-27 · Updated 2026-01-27; stated licence not independently checked
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Dividend / income treatment
Not applicable under these terms
Holding the derivative does not grant direct underlying shareholder dividend rights; any contract adjustments need the applicable specification.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Holding the derivative does not grant direct underlying shareholder dividend rights; any contract adjustments need the applicable specification.
Document locator: §1 Derivatives
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- MiFID II Risk Disclosure Statement — Payward Europe Digital Solutions (CY) Limited
Payward Europe Digital Solutions (CY) Limited · EEA / Cyprus services
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-01-27 · Updated 2026-01-27; stated licence not independently checked
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Voting rights
Not applicable under these terms
No voting rights in the underlying follow from this derivative position.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
No voting rights in the underlying follow from this derivative position.
Document locator: §1 Derivatives
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- MiFID II Risk Disclosure Statement — Payward Europe Digital Solutions (CY) Limited
Payward Europe Digital Solutions (CY) Limited · EEA / Cyprus services
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-01-27 · Updated 2026-01-27; stated licence not independently checked
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Custodian
Unknown / not established
Not established in the inspected source package. No permission, zero fee or absence of risk is inferred.
Transferability
Unknown / not established
Not established in the inspected source package. No permission, zero fee or absence of risk is inferred.
Eligibility and channel conditions
Documented in this source package
Verified personal/business account and updated KYC are required; new EEA clients also need a questionnaire and TIN. EEA location alone does not approve access.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Verified personal/business account and updated KYC are required; new EEA clients also need a questionnaire and TIN. EEA location alone does not approve access.
Document locator: Eligibility and new EEA client onboarding requirements
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- Kraken Derivatives eligibility requirements for clients in the EEA
Kraken / Payward Europe Digital Solutions (CY) Limited · EEA clients; individual approval remains conditional
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2025-12-10 · Updated 2025-12-10
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Trading hours
Documented in this source package
24/7 except maintenance or emergency suspension under these EEA derivative specifications; not the PDSL xStocks retail schedule.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
24/7 except maintenance or emergency suspension under these EEA derivative specifications; not the PDSL xStocks retail schedule.
Document locator: Trading hours / maintenance clauses
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- Linear Multi-Collateral Derivatives Contract Specifications for clients in the European Economic Area
Kraken / Payward Europe Digital Solutions (CY) Limited · EEA derivatives clients; venue-specific
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-10-16 · Updated 2026-10-16; instrument first-trading dates are not publication dates
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Trading and settlement
Documented in this source package
USD cash-settled perpetual with hourly funding; no physical delivery or stock/gold transfer is promised.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
USD cash-settled perpetual with hourly funding; no physical delivery or stock/gold transfer is promised.
Document locator: Funding / settlement; Risk Disclosure §1
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- Linear Multi-Collateral Derivatives Contract Specifications for clients in the European Economic Area
Kraken / Payward Europe Digital Solutions (CY) Limited · EEA derivatives clients; venue-specific
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-10-16 · Updated 2026-10-16; instrument first-trading dates are not publication dates
- MiFID II Risk Disclosure Statement — Payward Europe Digital Solutions (CY) Limited
Payward Europe Digital Solutions (CY) Limited · EEA / Cyprus services
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-01-27 · Updated 2026-01-27; stated licence not independently checked
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Redemption / delivery
Documented in this source package
No underlying physical redemption/title under this derivative. Position closure and cash obligations are governed by venue terms.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
No underlying physical redemption/title under this derivative. Position closure and cash obligations are governed by venue terms.
Document locator: Settlement; Risk Disclosure §1
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- Linear Multi-Collateral Derivatives Contract Specifications for clients in the European Economic Area
Kraken / Payward Europe Digital Solutions (CY) Limited · EEA derivatives clients; venue-specific
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-10-16 · Updated 2026-10-16; instrument first-trading dates are not publication dates
- MiFID II Risk Disclosure Statement — Payward Europe Digital Solutions (CY) Limited
Payward Europe Digital Solutions (CY) Limited · EEA / Cyprus services
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-01-27 · Updated 2026-01-27; stated licence not independently checked
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Liquidity
Unknown / not established
Not established in the inspected source package. No permission, zero fee or absence of risk is inferred.
Leverage
Conflicting or incomplete evidence
Instrument table Class D lists 20x, while the general maximum-initial-leverage text states 10x. Effective leverage is unresolved; neither number is selected as available.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Instrument table Class D lists 20x, while the general maximum-initial-leverage text states 10x. Effective leverage is unresolved; neither number is selected as available.
Document locator: Class D table versus Maximum Initial Leverage section
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- Linear Multi-Collateral Derivatives Contract Specifications for clients in the European Economic Area
Kraken / Payward Europe Digital Solutions (CY) Limited · EEA derivatives clients; venue-specific
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-10-16 · Updated 2026-10-16; instrument first-trading dates are not publication dates
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Primary risks
Documented in this source package
Margin/liquidation, liquidity, counterparty and reference/oracle risks remain. No live depth, personal leverage approval or independent regulatory licence check was performed.
Inspect field evidence
Research statement — not a verbatim primary-source quote · DOCUMENTED_TERM
Margin/liquidation, liquidity, counterparty and reference/oracle risks remain. No live depth, personal leverage approval or independent regulatory licence check was performed.
Document locator: Risk Disclosure derivatives/margin/liquidity/counterparty sections
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- Linear Multi-Collateral Derivatives Contract Specifications for clients in the European Economic Area
Kraken / Payward Europe Digital Solutions (CY) Limited · EEA derivatives clients; venue-specific
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-10-16 · Updated 2026-10-16; instrument first-trading dates are not publication dates
- MiFID II Risk Disclosure Statement — Payward Europe Digital Solutions (CY) Limited
Payward Europe Digital Solutions (CY) Limited · EEA / Cyprus services
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-01-27 · Updated 2026-01-27; stated licence not independently checked
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Fees by channel and basis
Derivatives venue / broker · Unknown / not established
Fees depend on notional, 30-day volume and maker/taker role, charged in USD. Article examples 0.015%/0.04% are not a verified universal current rate; actual fee schedule not read.
Inspect field evidence
Research statement — not a verbatim primary-source quote · UNKNOWN
Fees depend on notional, 30-day volume and maker/taker role, charged in USD. Article examples 0.015%/0.04% are not a verified universal current rate; actual fee schedule not read.
Document locator: Fee methodology and worked examples; linked fee schedule not inspected
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- Fees for Derivatives trading for EEA clients
Kraken / Payward Europe Digital Solutions (CY) Limited · EEA derivatives clients; venue-specific
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-10-16 · Updated 2026-10-16; actual linked fee schedule rates not read
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Derivatives venue / broker · Unknown / not established
Non-USD conversion, specified loss interest and liquidation may add costs; no complete all-in estimate is given.
Inspect field evidence
Research statement — not a verbatim primary-source quote · UNKNOWN
Non-USD conversion, specified loss interest and liquidation may add costs; no complete all-in estimate is given.
Document locator: Additional conversion/interest/liquidation charges
Claim checked: 2026-10-19 · Applies from: Unknown / not established · Applies through: Unknown / not established
- Fees for Derivatives trading for EEA clients
Kraken / Payward Europe Digital Solutions (CY) Limited · EEA derivatives clients; venue-specific
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-10-16 · Updated 2026-10-16; actual linked fee schedule rates not read
Limits of this evidence: Official-document reading only; no direct product test, current market measurement or independent legal approval.
Source and version details
- Linear Multi-Collateral Derivatives Contract Specifications for clients in the European Economic Area
Kraken / Payward Europe Digital Solutions (CY) Limited · EEA derivatives clients; venue-specific
Evidence level: VERIFIED_OFFICIAL · VERIFIED
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-10-16 · Updated 2026-10-16; instrument first-trading dates are not publication dates
- Fees for Derivatives trading for EEA clients
Kraken / Payward Europe Digital Solutions (CY) Limited · EEA derivatives clients; venue-specific
Evidence level: VERIFIED_OFFICIAL · VERIFIED
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-10-16 · Updated 2026-10-16; actual linked fee schedule rates not read
- Kraken Derivatives eligibility requirements for clients in the EEA
Kraken / Payward Europe Digital Solutions (CY) Limited · EEA clients; individual approval remains conditional
Evidence level: VERIFIED_OFFICIAL · VERIFIED
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2025-12-10 · Updated 2025-12-10
- MiFID II Risk Disclosure Statement — Payward Europe Digital Solutions (CY) Limited
Payward Europe Digital Solutions (CY) Limited · EEA / Cyprus services
Evidence level: VERIFIED_OFFICIAL · VERIFIED
Source retrieved: 2026-10-19 · First publication date: Unknown / not established
Document version / update date: 2026-01-27 · Updated 2026-01-27; stated licence not independently checked