Kraken excludes its ten most liquid linear perpetual markets and spot trading from Maker Protection coverage.

The venues where digital assets trade, from Coinbase and Binance to decentralized protocols, with their listings, licenses, custody and failures.

Futures, options, and perpetual swaps tied to digital-asset prices, letting traders hedge or lever positions and often dwarfing spot volumes.

How easily digital assets trade without moving the price, shaped by market makers, exchange depth, and stablecoin supply.