Kraken Pro Adds TWAP Order Type for Large Trade Execution

WHY IT MATTERS

When someone wants to buy or sell a very large amount of cryptocurrency at once, the sheer size of the order can push the price up or down before the order is fully filled — similar to how trying to sell a huge number of concert tickets all at once might force you to lower the price to find enough buyers. A TWAP order solves this by acting like a timer: instead of placing one giant order, it automatically splits it into many smaller orders spread evenly over a set period of time. This helps the trader get a more average price rather than a worse price caused by their own large trade. This feature is mainly relevant to professional or institutional traders, but its availability on a major exchange like Kraken shows that crypto trading platforms are increasingly offering the same sophisticated tools found in traditional stock and bond markets.