Kraken is seeking a Principal Trader for its US OTC desk. In this hands-on role, you'll be responsible for actively managing client flow, engaging with counterparties, and driving both the strategy and execution that support the growth of our OTC Spot and derivatives desks. You'll join a mission-focused company accelerating the global adoption of crypto.

What You'll Do

Support and grow the OTC Spot and derivatives desks by helping define strategy, execution, and long-term growth.
Build and maintain relationships with high-net-worth individuals, institutional clients, and counterparties.
Contribute to robust risk management practices across spot, options, and other derivatives by confidently taking and managing client flow, pricing effectively, and maintaining disciplined attention to detail.
Partner with technology teams to improve systems across pricing, execution, monitoring, and post-trade processes.
Work with spot, futures, and OTC teams to align strategies, optimize liquidity, and capture synergies.
Stay ahead of crypto and derivatives market dynamics, including funding rates, events, and trends, while proactively highlighting opportunities for growth and innovation to clients.
Drive business development, expand client relationships, and contribute to the overall expansion of OTC.

What We're Looking For

8-10+ years of trading experience.
At least 3 years focused on spot and derivatives trading within financial services, FX, or crypto.
Expert in Options Pricing, Execution, and managing client flow risk.
Expertise with crypto-specific products and derivatives is essential.
Strong quantitative and analytical skills.
Familiarity with financial modeling and the ability to develop and implement complex trading strategies.
Demonstrated ability to cultivate and expand relationships with institutional and HNWI clients.
In-depth experience with operational processes and safeguards, ensuring trade compliance, smooth execution, and effective risk management.

Team & Environment

You will be part of Kraken's OTC desk, collaborating closely with spot, futures, and OTC teams to align strategies and optimize liquidity.

Work Mode

This is a global, remote-first role. Krakenites work from 70+ countries and speak over 50 languages.

As an equal opportunity employer, we don’t tolerate discrimination or harassment of any kind. Whether that’s based on race, ethnicity, age, gender identity, citizenship, religion, sexual orientation, disability, pregnancy, veteran status or any other protected characteristic as outlined by federal, state or local laws.