Principal Trader, EMEA

Building the Future of Crypto

Our Krakenites are a world-class team with crypto conviction, united by our desire to discover and unlock the potential of crypto and blockchain technology.

Kraken is a mission-focused company rooted in crypto values. As a Krakenite, you'll join us on our mission to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. For over a decade, Kraken's focus on our mission and crypto ethos has attracted many of the most talented crypto experts in the world.

Kraken's OTC desk is a market leader in one of the most innovative and fast-growing industries in the world. Renowned for our white-glove service, we provide market-making to clients globally, 24 / 7. Offering deep liquidity for tighter spreads, we deliver a private and personalized service for institutional clients and high-net-worth individuals executing large orders. Our OTC desk ensures discreet, secure, and ultra-competitive execution and settlement services.

We are expanding our OTC business, and we're looking for a highly skilled trader who can help shape the desk's direction and growth. This is a hands-on role where you'll be actively managing client flow, engaging with counterparties, and driving both strategy and execution.

The Opportunity

Support and grow the OTC Spot and derivatives desks : Help define strategy, execution, and long-term growth.

Client engagement & business development : Build and maintain relationships with HNWIs, institutional clients, and counterparties.

Risk management : Contribute to robust risk management practices across spot, options and other derivatives by confidently taking and managing client flow, pricing effectively, and maintaining discipline and attention to detail.

Infrastructure & innovation : Partner with technology teams to improve systems across pricing, execution, monitoring, and post-trade processes.

Cross-desk collaboration : Work with spot, futures, and OTC teams to align strategies, optimize liquidity, and capture synergies.

Market insights & opportunities : Stay ahead of crypto and derivatives market dynamics, including funding rates, events, and trends, while proactively highlighting opportunities for growth and innovation to clients.

Growth mindset : Roll up your sleeves to drive business development, expand client relationships, and contribute to the overall expansion of OTC.

Skills You Should Hodl

5+ years of trading experience, with 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 : Deep understanding of options pricing, trade execution, and risk management strategies. Expertise with crypto-specific products and derivatives is essential.

Strategic execution : Ability to drive the long-term growth of the options desk through smart business development, client-driven flow, and the optimization of trading operations.

Quantitative and Analytical Expertise : Strong quantitative and analytical skills; familiarity with financial modeling and the ability to develop and implement complex trading strategies.

Sales & client engagement : Demonstrated ability to cultivate and expand relationships with institutional and HNWI clients, while actively engaging in trading conversations, driving sales, and maintaining strong communication at all times.

Operational Excellence : In-depth experience with operational processes and safeguards, ensuring trade compliance, smooth execution, and effective risk management throughout the trade lifecycle.

Adaptability : Comfortable with system implementation, evolving workflows, and creative problem-solving for client needs

Passion for markets & innovation : Deep curiosity and drive to stay ahead of market trends, with a strong interest in crypto and derivatives. Committed to continuous learning, staying at the forefront of new technologies, and bringing a forward-thinking, innovative approach.